The Spanish forest conservation enterprise Reforestum announced securing €750k investment from 13 angel investors across UK, Spain and France on 22nd December 2020. The freshly raised funding will help the organization to scale their remote team and in the development of their interactive platform for addressing the consumer demand.
The angel investors include Guillaume Houze (Image and Communications Director, Groupe Galeries Lafayette), Florian Bressand (French unicorn and global SaaS marketplace, Mirakl COO) and Jean-Marc Armitano (angel investor and renowned renewable energy Pioneer).
Reforestum is actively fighting change through its collective reforestation. People can measure their own impact on the climate change using the carbon footprint calculator present on the platform and offset by starting their own forest.
The company has already attracted the attention of a few global partners with its programs L’Oreal (for the people who are supporting its accelerator program at the station F), Ecosphere, (artificial intelligence for earth program) and Ecosphere+ (program for supplying necessary conservation and Restoration projects). The Ecosphere+ and Reforestum collectively won the Trillion Tree Challenge launched by Uplink and the World Economic Forum recently. Reforestum is also a member of Ship2B’s Tech4Climate program in Barcelona.
The chief revenue officer and co-founder of Reforestum, Alan Bressand said, “We are observing a real hike in the willingness of organizations in Europe to take action and make investment in nature-based solutions for meeting their net zero targets. Reforestum is developing an end to end solution with the help of our partners for creating a strong link from the forest ecosystems financing to the final consumer paying for the offset with the products they purchase.”
Reforestum originated in 2017 with the mission of connecting and empowering organizations and citizens for the common goal of improving the climate change situation by the Restoration and production of earth forest ecosystems collaboratively for a healthy safer and better future for us and the next generation. Some of the customers and partners of Reforestum include Adidas, World Economic forum, Microsoft for startups, Ship2B L’Oreal and others.
The company helps in creating a forest on the basis of three options presented on its platform budget, CO2 footprint and area after which you can add the CO2 sources and select the forest from the global locations where you want to plant. It aims at helping the planet by increasing the forest cover and restoring the original forest multiplying the amount of reforested area. They also offer carbon offsetting solutions with reforestation globally. Areas of land are selected at several strategic locations across the globe which Reforestum will convert into home-grown forest.
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