TechCrunch Startup News
Chestnut Carbon gets $160M to turn old farms into forests
Feb 13, 2025
A company is revolutionizing the carbon credit market by turning degraded farmland into lush forests. They've just secured $160 million in funding to support their ambitious expansion efforts. As tech giants like Microsoft seek carbon credits, the demand is skyrocketing. This innovative approach not only benefits the environment but also meets the rising corporate need for sustainability.
03:39
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Chestnut Carbon's $160 million funding will enhance its strategy of converting degraded farmland into forest ecosystems to generate carbon credits.
- The startup's collaboration with major companies like Microsoft showcases the increasing demand for nature-based solutions to combat climate change.
Deep dives
Investment in Carbon Removal
Chestnut Carbon, a nature-based carbon removal startup, successfully raised $160 million in Series B financing to buy marginal farmland, plant native trees, and harvest carbon credits. This funding highlights the increasing demand for carbon credits as tech companies aim to offset rising emissions linked to cloud and AI expansion. Chestnut's approach builds on its acquisition of Forest Carbon Works to manage forests not only for existing credits but also by developing new projects. With over 35,000 acres already under its management, the startup's plan is to significantly increase its holdings and achieve a target of 100 million metric tons of carbon credits by 2030.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
