Pachama

Pachama allows businesses to reduce their carbon footprint by purchasing verified carbon credits online. Pachama lists a range of reforestation projects on its platform (across North America and South America) for businesses to purchase carbon credits from. In October 2022, the company launched “Pachama Originals,” to allow companies to invest in creating their own forests to remove their carbon footprint. In June 2023, Pachama launched “Project Evaluation Criteria 2.1,” the world’s first AI-based tool for the evaluation of forest carbon projects.

As of February 2024, Pachama has worked with 46 forest project developers in 14 countries, protected more than one million hectares of land, and reviewed more than 150 forest projects worldwide. The cost of carbon credits for individuals ranges around USD 17–23 per ton of CO2 equivalent, depending on location and project type.

Key customers and partnerships 

In April 2022, Pachama partnered with Flexport.org to offer carbon credits from a portfolio of forest projects. In September 2023, Pachama partnered with Mercado Libre , an ecommerce company, to expand projects focused on conserving biodiversity in Latin America. In November 2023 , Pachama partnered with Ducks Unlimited, a nonprofit wetland conservation organization, and PERENfra, a water infrastructure investor, to develop Flyway Forests, a reforestation project in the Lower Mississippi River Valley to sequester 400,000 tons of CO2 over 40 years. 

As of February 2024, the company had more than 800 customers, including Salesforce, Microsoft, Nespresso, Airbnb, Netflix, ShipBob, Softbank, Vuori, Flexport and Shopify.

Funding and financials

Pachama’s most recent funding was in December 2023, when it raised an additional USD 9 million, in an extended  Series B funding round led by T.Capital. The proceeds were directed towards R&D activities of AI applied to geospatial data and the development of new products and services. In May 2022 , the company raised USD 55 million in its initial Series B round led by Future Positive to support talent acquisition, contact corporate and forest developers, accelerate R&D, create new forest projects, and scale its technology. In April 2021, Pachama raised USD 15 million in a Series A round led by Breakthrough Energy Ventures. Pachama expects to use the proceeds to expand its business and operations teams.