Ncx Raises $50M To Fund International Expansion And New Natural Capital Markets
03/02/22, 1:00 PM
Location
Money raised
$50 million
NCX, the science-driven forest carbon marketplace delivering large-scale, immediate impact for climate and communities, announced a raise of $50 million dollars in a Series B round of financing led by energy and sustainability investor Energize Ventures. The round cements new partnerships with J.P. Morgan, Intercontinental Exchange (ICE), Dalus Capital, Clearvision Ventures; and also includes significant follow-on funding from existing investors Scribble Ventures, as well as Marc Benioff's TIME Ventures. The financing round is expected to support expansion outside of the United States in addition to the formation of new natural capital markets created to serve the growing $1 billion voluntary carbon market.
Company Info
Location
san francisco, california, united states
Additional Info
NCX, formerly known as SilviaTerra, monetizes the benefits of forest stewardship through its natural capital marketplace. By using high integrity data and measurements to generate carbon credits, NCX is enabling corporations to meet ambitious net-zero goals with high quality offsets that support landowners of all sizes. In 2021 NCX broke records for the largest forest carbon project by acreage in the contiguous U.S. with its first program cycle.