Thryve.Earth saw the announcement of a $2.6 million investment in a round-headed by renowned regional venture capital firm Openspace by Earth, a technology-enabled project developer based in Singapore that works to conserve and restore ecology.
Capital Code, important strategic angels, and current investors were also drawn to the round, according to a statement from Thyrve.Earth.
Thryve has now raised $3.4 million in funding in total.
It states that this funding round will help develop next-generation technology tools for project design and implementation, as well as for de-risking and streamlining project assessment.
It will also make it possible for the business to expand its workforce and enter new Latin American and Asian markets.
“Traditionally, nature conservation or restoration efforts have been led by passionate individuals and supported through philanthropy and social responsibility initiatives,
“But now, we must go beyond isolated lighthouse projects and scale up our actions dramatically,” said Vinayshankar Kulkarni, Co-Founder and Chief Executive Officer, Thryve.Earth.
“This is critical, urgent, and non-negotiable if we aim to respect our planetary boundaries and nurture thriving ecosystems,” he added.
On the other hand, finding projects is only half of the equation—getting them financed is the other—as stated by Ron Steinherz, co-founder and chief product officer of Thryve.Earth.
“It’s why we’ve put a lot of effort into understanding what financiers need for allocating capital and then developing scalable tech-enabled solutions to drive value and bridge the financing gap,” he added.
Thrive.Earth was established with the goal of fostering human prosperity while preserving and rehabilitating the natural world in order to slow down global warming through superior carbon projects.
There is enough agreement to say that nature will contribute more than one-third of the mitigation of climate change, along with numerous other advantages.
The start-up takes a unique end-to-end approach to solving this pressing global problem.
Before deploying its tech stack, it concentrates on creating opportunities from the ground up in order to evaluate, design, and carry out projects that adhere to the strictest industry standards and provide long-term, scalable solutions that are desperately needed.
