Estonia

[Funding alert] Estonia-based Ecobase Raises €2.5M Seed Funding

Dec 12, 2023 | By Startup Rise EU

Estonia-based Ecobase Raises €2.5M Seed Funding. With the help of this additional money, its pan-European afforestation/reforestation (ARR) programme will grow. Early in 2021, Ecobase was founded with the objective of allowing European landowners to access carbon financing.

Estonia-based Ecobase Raises €2.5M Seed Funding. With the help of this additional money, its pan-European afforestation/reforestation (ARR) programme will grow. Early in 2021, Ecobase was founded with the objective of allowing European landowners to access carbon financing.

With the aim of encouraging ARR activities in degraded/abandoned regions and facilitating the transition to more sustainable forestry practices, the company offers European landowners a platform and support network.

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Jaan Sepping, the founder and CEO of Ecobase: "Carbon markets represent a novel financing solution to add and restore European forestland. While forest subsidies have been in place in many European countries for creating new forests, payment rates have been insufficient to motivate landowners to participate in such schemes. Planting forests is a long-term commitment, and given the absence of financing mechanisms that make ARR activities commercially feasible in a shorter time frame, it becomes very difficult for landowners to cover their costs. ARR with carbon income is a fundamental necessity to support the expansion of forestland. Ecobase encourages the creation of native, mixed forests by providing the landowner with an alternative income which does not rely on timber value. We aim to drive significant positive environmental change while also providing economic incentives for landowners."

Combiwood Grupp, one of the most vertically integrated groupings of woodworking enterprises in Estonia, spearheaded the investment. With this finance, Ecobase will be enabled to develop new products and extend its platform capabilities more quickly.

Read also - Copenhagen-based Seasony Secures €1.5 Million in Funding

From the establishment of new forests to the improvement of current forest practices, the company seeks to offer its landowners with solutions that assist them in all facets of forest management.

About Ecobase

European forestry carbon programmes are developed by Ecobase. The company was established in early 2021 with the intention of helping European landowners access carbon funding and promoting environmental sustainability.

Read also - Berlin-based Montamo Raises €2.1Million in Pre-Seed Funding

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