The startup offers a carbon offset trading platform that enables users to monitor their carbon footprint and quantify CO2 emissions from daily activities. Through reforestation initiatives, the platform provides measurable carbon offsetting solutions, helping users effectively reduce their environmental impact.
Funding
$910K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Individuals and organizations lack accessible tools to monitor and offset their carbon footprint effectively. Existing solutions often lack transparency and traceability in carbon offsetting initiatives, making it difficult to verify the environmental impact of their contributions.
Solution
Reforestum provided a platform that allowed users to monitor their carbon footprint and offset emissions through reforestation and forest conservation projects. The platform offered measurable carbon offsetting solutions, enabling users to reduce their environmental impact. Reforestum's community funded afforestation projects across Spain, France, and the United Kingdom, involving the planting of trees and projected carbon removals. The platform also facilitated contributions to forest conservation projects in South America and Asia through the purchase of carbon credits. Users received verifiable proof of their contributions in the form of Environmental Assets tied to accountability and transparency standards.
Target Audience
The platform targeted individuals, businesses, and non-profit organizations seeking to understand and reduce their environmental impact through transparent and verifiable carbon offsetting initiatives.
Features
- Monitoring of carbon footprint and quantification of CO2 emissions.
- Funding of afforestation projects across Europe with certification from national bodies (OECC in Spain, Label pas Carbon in France, and UK Carbon Woodland Code in the United Kingdom).
- Contributions to forest conservation projects (primarily REDD+) in South America and Asia, certified by Verra as Verified Carbon Units (VCUs).
- Issuance of Environmental Assets as proof of contributions to forestry projects.
- Fractional carbon credit retirement, reconciled in batches with collective retirements in official registries.
- Forest Shares representing a portion of a project’s surface area, granting rights to associated carbon removals.