Carbon capture and reforestation firm Terraformation is raising capital on Republic. The Reg CF securities offering follows a $30 million Series A funding round in June led by large The round was led by Sam & Max Altman at Apollo Projects, and included several high-profile institutional investors and nearly 100 angel investors, such as Sundeep Ahuja, Lachy Groom, Sahil Lavingia, Joe Lonsdale, Susan Wu, and OVN Cap. This securities offering is being priced at the same valuation terms as Series A, with a minimum investment of $50.
According to the offering page, over $500,000 has been “reserved” by investors as the company seeks to “test the waters” regarding individual investor interest. The offer has been made available for the company’s network and opens up to a wider audience beginning today.
Terraformation wants to solve climate change by scaling global reforestation projects. Currently, the company has 5 pilot restoration sites on Hawaiʻi Island, and the company is developing projects in collaboration with local organizations across the globe. Locations are said to include Ecuador, Haiti, India, Tanzania, Uganda, and Ukraine.
The business model combines several revenue streams to help partners acquire financing and establish profitable, standalone sustainable forestry businesses. The company aims to partner with organizations to support them with tools and training to initiate and sustain successful, large-scale restoration. Revenue is generated by sustainable timber, carbon credits, solar, water utility services, and more. The company anticipates that global demand for voluntary carbon credits could increase 15x by 2030 and 100x by 2050, expanding revenue opportunities from restoration.
Terraformation states that it currently operates the world’s largest fully off-grid 100% solar-powered desalination facility.
Yishan Wong, founder and CEO of Terraformation, stated in a release:
“Terraformation is a company for everyone. I believe that everyone, from all backgrounds, should be able to invest in a start-up like ours. Every person on the planet has a personal stake in the success of every climate-oriented company. We want to solve climate change by restoring forests around the globe to activate massive carbon capture. Forest restoration is the solution most likely to succeed in the shortest amount of time – it’s low-risk, low-cost and immediately scalable. Our plan is bold, and the problem is enormous. But we don’t have a choice. We have to try, and I invite everyone to join us in one of the first steps in what will be a defining journey.”
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