Mombak Launches $150 Million Amazon Reforestation Fund, Signs Carbon Removal Deal with Salesforce
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Mombak Launches $150 Million Amazon Reforestation Fund, Signs Carbon Removal Deal with Salesforce
Brazil-based carbon project developer Mombak announced the first close of The Amazon Reforestation Fund II, its second fund focused on financing restoration projects in the Brazilian Amazon. Mombak said that it is targeting raising $150 million for the new fund, which would surpass the predecessor fund’s $120 million. Founded in 2021, Mombak develops large-scale carbon […]
Startup of carbon credits in the Amazon makes first closing of the second fund and obtains line of R$ 200 million from the BNDES, says Brazil Journal
Mombak, a startup specializing in carbon credits from the restoration of degraded areas in the Amazon, said it did the first closing of its second fund, which seeks to raise $150 million. The company did not disclose the investor's name or the amount captured. The new fund has also contracted a line [...]
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