Chloris Geospatial, a company specialising in satellite-based forest carbon emissions and ecosystem change monitoring, has completed a Series A funding round, raising $8.5 million. The round was led by Future Energy Ventures, with participation from existing investors including AXA IM Alts, At One Ventures, Cisco Foundation, Counteract, and Orbia Ventures. The funding will allow the company to accelerate its product development, strengthen its technical and commercial teams, and establish a new operational hub in Europe. The goal is to meet the growing demand from businesses for accurate and verifiable forest carbon data, which is essential for risk management and climate reporting strategies.
Advanced technology for forest carbon measurement
Under the scientific leadership of co-founder Dr. Alessandro Baccini, Chloris Geospatial utilises satellite data combined with proprietary sensor fusion and machine learning techniques to measure vegetation biomass precisely. The technology deployed by the company provides both historical and real-time data on forest changes since 2000. These advanced measurement capabilities attract a diverse client base, ranging from companies seeking to align their activities with the international Greenhouse Gas Protocol (GHG Protocol), to investors active in voluntary carbon markets and forest-risk supply chains.
The increasing relevance of this technology comes at a time when biomass loss due to wildfires and deforestation is being reported as growing by Chloris Geospatial’s data. These phenomena directly impact the carbon balances and climate strategies of companies involved in nature-based solutions. The accuracy of the information provided becomes crucial in enhancing transparency and the effectiveness of investments in these sensitive sectors.
Strategic development in Europe
With this funding, Chloris Geospatial plans to strengthen its presence in Europe, a market seen as critical for the commercial growth of its products and services. Establishing a new European hub will facilitate direct engagement with regional clients and support commercial expansion. The European market represents a significant growth potential for satellite-based analysis technologies in the measurement and monitoring of forest carbon stocks, particularly due to the growing regulatory requirements for environmental reporting imposed on businesses.
For Patrick Elftmann, Managing Partner at Future Energy Ventures, this technology represents “the missing link in restoring trust and driving growth in carbon markets” due to its ability to independently and transparently measure carbon dynamics. Adam Gibbon, Head of Natural Capital at AXA IM Alts, notes that “investing in solutions capable of scientifically and at scale measuring natural capital is essential for strengthening the integrity and impact of corporate climate strategies.”
