Chloris closes seed extension Round of Funding
Chloris Geospatial, a technology company that measures natural capital from space, closes seed extension round of funding led by AXA IM Alts and Orbia Ventures, with participation from existing investors At One Ventures and Counteract. Chloris developed technology that uses satellite data to reliably assess forest carbon dynamics, including forest growth and degradation.
Marco Albani, CEO of Chloris Geospatial, commented, “We will use the new funding to advance sensor-fusion technology and equip customers with globally consistent estimates for 2000-2022. This aligns with corporate sustainability reporting frameworks and allows us to assess the impact of forest projects in the voluntary carbon markets. The funding will also extend spatial coverage and grow customer support services.”
Jonathan Dean, Head of Impact Investing at AXA IM Alts, commented, “Chloris’s solutions will enhance the credibility of natural capital projects and associated ecosystem services claims and provide the necessary assurance to support continued investments in natural capital. This aligns with our ambition to create scalable solutions that contribute to global protection, restoration, and sustainable management of natural capital globally.”