Tallinn-based Arbonics secures €5.5 million in seed funding. Invested from Plural, Tilia Impact Ventures, and NordicNinja to satisfy the rising need for high-quality carbon removal. With this funding, Arbonics will be able to keep expanding its creative approach to combat climate change throughout the continent.
With this fundraising round, the Estonian startup has raised €7.3 million in total. With this latest investment, Arbonics aims to boost its workforce, cover 50% of European woods within the next year, and further enhance its product offering to encompass the full forestry lifecycle.
Arbonics CEO Kristjan Lepik said: “With this recent funding we’re poised to make a significant impact, not just as a business but as a catalyst for meaningful change. This year has been tough on the carbon markets, and with concerns around the Voluntary Carbon Market but it’s exactly what it needed to mature. It proved just how important it is for the market to be more transparent and proven for forest carbon projects, and at Arbonics, that’s what we’re building. Our tech stack is designed to elevate the nature-based removals industry, setting a new standard for what can be achieved when forests and technology work in harmony. With the support of our latest investors, we can continue building what we consider to be the future of transparent carbon removal.”
Arbonics will also treble its workforce, add more layers of impact evaluations for biodiversity, and extend its relationship with top experts by forming a scientific advisory board thanks to the funding. Arbonics has received support from prominent impact investors and advanced to the finals of MasterCard’s MASSIV social impact programme.
Taavet Hinrikus, Partner at Plural, commented: “While many new projects are being started on the technological carbon removal, those solutions take time. A luxury we do not have. If we take technologies and empower nature with them, in the way that Arbonics does, scalable solutions can happen already this decade.”
Rainer Sternfeld, Managing Partner at NordicNinja, added: “Arbonics is exactly the kind of innovative, scalable and sustainable solution we look for at NordicNinja. The company not only has the technology and market understanding, but also the vision and the team to make a significant difference. We see Arbonics as having the potential to conquer the market in this crucial sector. That’s why we’ve made this strong bet on their, and our planet’s future.”
Arbonics, founded in 2022 by COO Lisett Luik and CEO Kristjan Lepik, is redefining the parameters for how transparent, scalable, and significant forest carbon efforts may and should be. For the thousands of landowners who are increasingly turning to Arbonics for more precise measurements of the environmental advantages of their assets, as well as for those seeking to invest in forestry projects.