Single.Earth has raised a $7.9M Seed round and joined the EQT Ventures portfolio of future-proof companies. The round was joined by the previous investors, Icebreaker.vc, and the founders of Pipedrive, Ragnar Sass and Martin Henk.
Single.Earth is a platform that tokenizes nature for its ecological value – carbon sequestration, storage, and biodiversity. For the first time in history, nature is monetized for just being there, keeping ecosystems alive. The company is thrilled to accelerate its growth with investors, driven by the shared purpose of saving the natural world. Single.Earth will use the funding to launch a nature-backed MERIT tokens marketplace to make nature the new gold – and expand the team.
MERIT tokens turn the ecological value of nature into digital goods, and each MERIT is generated on the platform every time 100 kg of CO2 is captured in biodiverse nature in real-time. Single.Earth works with landowners who conserve and restore forests, wetlands, and other natural resources. Landowners who join Single.Earth can add their land to the platform. It combines satellite data, big data analysis, and machine learning to create a digital representation of how the world’s nature – and land added to our platform – sequesters carbon and holds biodiversity.
These tokens are issued to landowners who can easily sell them on the transparent and secure Single.Earth marketplace. MERIT tokens are the first carbon instruments designed for natural climate solutions. It’s the new quality standard for carbon trading, tackling the climate and biodiversity crises together, as they should be. The platform welcomes all landowners to its platform – individually, institutionally, governmentally, and community-owned properties. The Single.Earth platform is designed to scale across the globe and provide transparent and easily accessible business models for landowners of all sizes and locations.
MERIT tokens are a fascinating combination of environmental impact and financial profit that can be used in two ways. First, MERIT tokens are tradable and their price grows with increasing demand and rising global carbon prices. It’s a smart investment that yields profit and finances the protection of the nature around us. Second, MERIT tokens provide a transparent and auditable way to balance CO2 footprint. Once the owners have used a MERIT token ‘up’ to contribute to global climate and biodiversity goals or compensate for their own carbon footprint, they can no longer be traded.
The open registration for interest in MERIT tokens pre-sale, scheduled to begin in late summer 2021, upon full compliance with financial regulations. It’s a unique opportunity to be among the first to join the new financial reality, where the economy supports the protection of nature. In addition, MERIT tokens will be traded on the Single.Earth marketplace, scheduled for public opening at the end of 2021.
Photo by S N Pattenden on Unsplash
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