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

February 12, 2025

, By Team SNFYI

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Nature-based carbon removal startup Chestnut Carbon has raised $160 million in Series B financing, the company told TechCrunch. The startup buys marginal and degraded farmland, plants them with native trees, and harvests the resulting carbon credits.

Carbon credits have become a hot commodity, especially among tech companies looking to offset skyrocketing emissions caused in part by the breakneck expansion of data centers serving cloud and AI customers.

The new round included investment from Canada Pension Plan Investment Board, Cloverlay,…

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

February 12, 2025

, Published By Team SNFYI

Nature-based carbon removal startup Chestnut Carbon has raised $160 million in Series B financing, the company told TechCrunch. The startup buys marginal and degraded farmland, plants them with native trees, and harvests the resulting carbon credits.

Carbon credits have become a hot commodity, especially among tech companies looking to offset skyrocketing emissions caused in part by the breakneck expansion of data centers serving cloud and AI customers.

The new round included investment from Canada Pension Plan Investment Board, Cloverlay,…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

open AI: Adobe launches AI video tool to compete with OpenAI

Next News

Swiggy Shares Slip 2% To Hit A New All-Time Low

Hi! This is Admin.

More like this

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