In a groundbreaking move toward nature regeneration, Pleasanton, CA-based public benefit corporation Cultivo has just secured a whopping $14 million in Series A funding, propelling their total funding to an impressive $20 million.
The financial injection, spearheaded by MassMutual Ventures and Octopus Energy Generation, with backing from Salkantay Ventures and Peña Verde, is set to be a game-changer for Cultivo’s AI-driven science and technology platform.
Under the visionary leadership of CEO Dr. Manuel Piñuela, Cultivo stands at the forefront of accelerating investments to restore nature on a grand scale.
The core of their mission? Leveraging the power of artificial intelligence to revolutionize how we approach land regeneration. This funding marks a significant step forward, enabling Cultivo to enhance its innovative platform that not only removes carbon but also amplifies biodiversity and enhances water storage.
Dr. Piñuela shared his enthusiasm, expressing that investors are awakening to the immense potential of natural capital investment.
The corporate world, too, is recognizing the importance of securing a stable supply of top-tier carbon removal credits.
This funding injects fresh energy into Cultivo’s mission – to deliver an expanding portfolio of high-quality natural capital projects for their institutional clientele while turbocharging the development of their cutting-edge AI-driven science and technology platform.
What sets Cultivo apart is its commitment to collaboration.
The company works hand-in-hand with NGOs and land partners, co-designing, implementing, and monitoring projects to standards that prioritize fairness and equity for local communities and land stewards.
A pipeline of over 100 million hectares of high-quality nature-based carbon removal projects, surpassing the landmass of California twofold.
In a strategic move, Cultivo has inked an agreement with Octopus Energy Generation, securing up to $40 million for natural capital projects spanning North America, Europe, and Australasia.
This partnership not only underscores Cultivo’s global impact but also highlights the collective commitment to fostering a sustainable future.
As Manuel Piñuela eloquently puts it, “This funding allows us to continue delivering our growing pipeline of high-quality natural capital projects for our institutional customers and accelerate the development of our AI-driven science & technology platform.”
The inclusion of MassMutual Ventures and Octopus Energy Generation in this mission is not just a financial boost but a validation of Cultivo’s vision to regenerate nature at an unprecedented scale.
In essence, Cultivo Funding is not just a monetary milestone; it’s a resounding endorsement of the urgent need to invest in projects that restore and sustain our planet.
As investors recognize the value of natural capital and companies seek to secure a reliable source of carbon removal credits, Cultivo stands as a beacon, guiding us toward a future where sustainability and innovation go hand in hand.
ALSO READ: Hatch Africa Secures $9.5M in Funding