Funding of $8.5 million secured through Series A for Chloris Geospatial's satellite-centric project, focusing on monitoring forest carbon emissions.
In a significant move towards addressing the global climate and nature crises, Chloris Geospatial, a pioneering technology company, has secured an $8.5 million Series A funding round. The investment, led by Future Energy Ventures, will propel Chloris to the forefront of forest carbon monitoring and accounting.
Chloris' technology leverages satellite data, proprietary sensor fusion, and machine learning to measure vegetation, going beyond traditional land cover mapping. This innovative approach is seen as essential by investors such as Future Energy Ventures, who believe it will improve accounting standards, provide independently transparent and affordable measurement of carbon dynamics across all woody vegetation globally, and unlock growth in carbon markets.
Adam Gibbon, Natural Capital Lead at AXA IM Alts, a firm that invests in solutions that protect, restore, and sustainably manage natural capital, stated that scalable, science-based measurement is critical to driving integrity and impact in both carbon markets and corporate climate strategies.
The funding round also saw participation from AXA IM Alts, At One Ventures, Cisco Foundation, Counteract, and Orbia Ventures. Patrick Elftmann, Managing Partner at Future Energy Ventures, stated that this investment represents a step change in how they monitor and account for nature-based climate solutions.
Marco Albani, CEO and Co-Founder of Chloris, expressed his excitement about the investment, stating that it will allow them to take their technology to the next level. The funds will primarily be used for product development, growing commercial and technical teams, deepening partnerships, and expanding operations with a new European hub.
Chloris' technology, developed under the guidance of Co-Founder and Chief Science Officer Dr. Alessandro Baccini, positions the company to provide high-quality, affordable, and timely data on what has happened in every acre of forest around the world since the year 2000. This data is crucial for corporations, developers of nature-based solutions, and organisations that depend on Chloris' analysis for climate reporting.
Record-breaking wildfires and declining biomass trends, visible in Chloris data, have highlighted the accelerating loss of forest carbon. By providing trustworthy, transparent, and scalable solutions, Chloris aims to support better decision-making, helping align local climate and nature actions with global ambitions.
This investment reinforces the potential of Chloris' technology to revolutionise the monitoring and accounting of nature-based climate solutions, driving integrity and impact in both carbon markets and corporate climate strategies. Chloris is poised to play a significant role in tackling deforestation, forest degradation, and ecosystem change, helping to mitigate climate change and preserve biodiversity.
- The investment in Chloris Geospatial, led by Future Energy Ventures, will not only propel them to the forefront of forest carbon monitoring and accounting but also leverage technology and science to improve global accounting standards for carbon dynamics across all woody vegetation.
- With science-based measurement being considered critical by investors such as AXA IM Alts, the funding secured by Chloris will allow them to take their technology to the next level, utilizing technology and data to provide timely, high-quality, and affordable data on forest carbon changes, supporting better decision-making in corporations, nature-based solution developers, and organizations.
