Big names back US forest-backed carbon credit scheme
From Microsoft to a division of Royal Dutch Shell, big companies are buying carbon credits tied to more than 1mn acres of forested land in the US, venture-backed US climate company NCX said May 26.
NCX said it has created the largest forest carbon project by acreage in the Lower 48 states. Among the early participants are Microsoft, Shell’s environmental products division and sustainable consulting firm South Pole.
Zack Parisa, the founder of NCX, said the project puts carbon on the same footing as timber.
“NCX identifies forested acres that are likely to be harvested and rewards landowners that keep them growing,” he said. “It’s a solution that connects landowners with net-zero pioneers to create climate impact with unprecedented scale and transparency.”
ADDI, Latin America’s leading Buy Now Pay Later (BNPL) Company raises $65mm in new funding to fund growth in Colombia and Brazil
Series B round led by Union Square Ventures; debt capital provided by Architect Capital; strategic partnership with Banco Santander
May 26, 2021 06:00 ET | Source: ADDI ADDI Bogota, COLOMBIA
BOGOTA, Colombia and SAO PAULO, Brazil, May 26, 2021 (GLOBE NEWSWIRE) ADDI, a Bogota- and Sao Paulo-based Buy Now Pay Later platform today announced new funding for $65mm in debt and equity, as well as strategic partnership with Banco Santander. The new $35mm Series B round was led by Union Square Ventures, with participation from 8VC, Monashees’s Opportunity Fund, Citius Capital, Endeavor Catalyst, the Marathon Fund, GGV partner Hans Tung, and former Affirm COO Huey Lin. Existing investors Andreessen Horowitz, Foundation Capital, Monashees, and Quona Capital also participated in the round. ADDI is also ann
26 may 2021
ADDI, Latin America’s leading Buy Now Pay Later (BNPL) Company raises $65mm in new funding to fund growth in Colombia and Brazil
Series B round led by Union Square Ventures; debt capital provided by Architect Capital; strategic partnership with Banco Santander
BOGOTA, Colombia and SAO PAULO, Brazil, May 26, 2021 (GLOBE NEWSWIRE) ADDI, a Bogota- and Sao Paulo-based Buy Now Pay Later platform today announced new funding for $65mm in debt and equity, as well as strategic partnership with Banco Santander. The new $35mm Series B round was led by Union Square Ventures, with participation from 8VC, Monashees’s Opportunity Fund, Citius Capital, Endeavor Catalyst, the Marathon Fund, GGV partner Hans Tung, and former Affirm COO Huey Lin. Existing investors Andreessen Horowitz, Foundation Capital, Monashees, and Quona Capital also participated in the round. ADDI is also announcing $30mm in fresh debt funding from Architect Capital. The new funding will be used to grow ADD
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