Climate Software Startups Are Suddenly A Hot Investment
As a serial entrepreneur, Diego Saez Gil is used to pitching ambitious startup ideas and getting turned down. So he was prepared for some rejection with his latest venture, Pachama, a developer of satellite data-enabled technology to monitor reforestation projects for carbon emissions offsets.
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But he’s not hearing “no” much, so far. His first pitch, to Y Combinator, provided some idea-stage funding. Since then, a long list of prominent investors have signed on to back the 3-year-old venture, including Bill Gates-founded Breakthrough Energy Ventures, Amazon.com, and Chris Sacca’s Lowercarbon Capital.
Now, with over $24 million in Pachama’s coffers, its founder is preparing to scale up a mission inspired by a trip back to his native South America, where he saw the ravages of deforestation firsthand. …
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