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Chestnut Carbon gets $160M to turn old farms into forests

Summary by TechCrunch

The company buys marginal and degraded farmland, plants them with native trees, and harvests the resulting carbon credits.

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TechCrunch

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illuminem.com

Chestnut Carbon gets $160M to turn old farms into forests

The company buys marginal and degraded farmland, plants them with native trees, and harvests the resulting carbon credits.

8 days ago·United States

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ESG Today

Chestnut Raises $160 Million to Scale Farm-to-Forest Carbon Removal Projects

Nature-based carbon removal startup Chestnut Carbon announced that it has raised $160 million in a Series B financing round, with proceeds to be used to scale capacity and sequester an estimated 100 million tons of carbon over the life of its Sustainable Restoration Project. Launched in 2022 by energy sector-focused alternative asset manager Kimmeridge, Chestnut helps reduce carbon emissions by planting and developing long-term forest projects …

7 days ago

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The Open News

Startup Chestnut Gets $160 Million to Increase Projects for Forest Carbon

Startup Chestnut Carbon has secured a $160 million investment to plant, restore, and manage forests on degraded land, producing high-quality carbon credits. Microsoft Corp. and other large firms will purchase these credits. The objective is to develop trustworthy nature-based credits that tackle issues that have undermined confidence in the carbon market. “The Series B round, led by the Canada Pension Plan Investment Board and Cloverlay Investme…

7 days ago

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