London-based Sylvera has raised $7.8 million from powerful investment funds to develop a methodology to assess carbon offsets and bring transparency to the entire market.
This is of great interest to me because one of my clients is a startup that creates entire plant ecosystems through big data and drones (dropping seeds) and gives companies the possibility to offset excess carbon with official carbon offsets.
I think it's great to be able to value these kinds of intangible assets, improve market transparency and improve the environment as well.
The way this company is going to develop the methodology is through geospatial data, machine learning and proprietary climate data. They use satellite imagery, run it through a bunch of algorithms that analyse what's going on in the imagery, and then generate a standardised valuation of the project under the microscope.
The funding for this new round is led by Indexa Venture, and existing investors include Seedcamp, Speedinvest and Revent.