Cultivo, a public benefit corporation, has raised $14 million in series-A funding led by MassMutual Ventures and Octopus Energy Generation. Salkantay Ventures and Peña Verde also participated in the funding round, bringing Cultivo’s total funding to more than $20 million.
Cultivo co-designs and monitors high-quality natural capital projects to measure the increases in carbon capture, biodiversity and water storage, as well as the social impact on the local communities and land stewards. Cultivo said the growth in its pipeline has been driven by financial institutions and companies turning to the company to originate their own high-quality natural capital projects.
As part of the agreement, Cultivo also signed an agreement with Octopus Energy Generation to deploy up to $40 million into natural capital projects across North America, Europe and Australasia.
“Investors are recognizing the value and scale of the natural capital investment opportunity, and compan