BREAKING Earthshot closes $5.5M Series A led by Acorn Pacific Ventures 1M+ hectares supported across the globe LandOS turns degraded land into bankable carbon projects Biome app: a forest tape-measure in your pocket 700+ data scientists in the community $55M-$65M+ in project financing directed BREAKING Earthshot closes $5.5M Series A led by Acorn Pacific Ventures 1M+ hectares supported across the globe LandOS turns degraded land into bankable carbon projects Biome app: a forest tape-measure in your pocket 700+ data scientists in the community $55M-$65M+ in project financing directed
Company Dossier - Climate Tech

Earthshot Labs

The operating system for restoring nature - and the financing to make forests worth more standing than gone.

Sebastopol, CA Founded 2020 Public Benefit Corp ~35 employees Series A
Earthshot Labs field landscape from a nature-based carbon project site
EARTHSHOT LABS - The view from the day job: a project site where carbon math meets actual dirt. Photo via earthshot.eco.
Filed under Climate / AI / Carbon Markets Subjects: Troy Carter, Patrick Leung Status: Live & planting

Somewhere right now a person is standing in a half-cleared forest holding a phone, pointing the camera at a tree. The app on the screen measures the trunk, logs the species, and quietly turns that single observation into a line of data that an investor in another hemisphere will eventually trust. That app is called Biome. The company behind it is Earthshot Labs, and this small ritual - phone, tree, data - is the whole pitch in miniature.

Earthshot is betting that nature can be financed like infrastructure. Carefully, transparently, and at scale.

The thesis, in one breath

01 / WHO THEY ARE NOWThe company turning trees into trust

Earthshot Labs is a Public Benefit Corporation based in Sebastopol, California, with roughly 35 employees and a much larger orbit - a community of more than 700 data scientists and domain experts who treat ecosystems as a data problem worth solving. It builds software and provides expert guidance for developing and financing nature-based carbon projects: reforestation, conservation, agroforestry, and improved forest management. Less glamorously, it does the paperwork, the modeling, and the diligence that make those projects believable to the people writing checks.

The company sits at an awkward, useful intersection. Part climate-science shop. Part fintech. Part GIS lab running on Google Earth Engine, satellite imagery, and machine learning. It is the rare climate startup that is equally comfortable discussing forest mortality curves and offtake pricing.

Most climate companies sell a feeling. Earthshot sells a spreadsheet you can actually defend.

The unglamorous advantage

02 / THE PROBLEM THEY SAWCarbon markets had a credibility problem

Here is the inconvenient truth Earthshot started from: the voluntary carbon market is enormous, growing, and frequently embarrassing. Degraded land holds, by the founders' own estimate, multi-trillion-dollar carbon potential. Yet too many forest-carbon projects have been overstated, under-measured, or quietly wrong - and every scandal makes the next honest project harder to fund.

The root cause is mundane. Good carbon projects are slow and expensive to develop, and the data underneath them is thin. Tree measurements are collected by hand, ecological models are guesses dressed as forecasts, and an institutional investor has every reason to be skeptical. The market did not lack ambition. It lacked diligence.

You cannot finance what you cannot measure. And for a long time, nobody could really measure a forest.

The gap Earthshot walked into

03 / THE FOUNDERS' BETFrom a damaged coral reef to a data company

CEO and co-founder Troy Carter traces his climate commitment to watching coral reef damage in 2015. Before Earthshot he co-founded RIZOME, a venture making climate-positive bamboo to replace wood, steel, and concrete - a man with a habit of attacking carbon from odd angles. He pairs business strategy with a stated wish to "restore human relationships with nature," which is the kind of line that sounds soft until you notice he has spent years building the financial machinery to back it.

Co-founder Patrick Leung saw the other half of the problem: a serious shortage of reliable tree and ecosystem data. His answer was to make measurement cheap enough that anyone could do it. Together the two founders bet that the bottleneck in nature finance was not money or goodwill, but trustworthy data and the software to organize it.

"Navigating the complexities of carbon markets to accelerate and fund ecosystem restoration at scale."

- Troy Carter, CEO & Co-Founder

04 / THE PRODUCTLandOS and Biome, the two-handed engine

Earthshot's answer comes in two parts. LandOS is the platform that walks a land steward through the entire carbon development process step by step, with ecosystem analytics that compress the time and cost of getting a project off the ground while handing investors and corporate buyers the diligence they have been missing. Biome is the field tool: a mobile app that uses computer vision and augmented reality to turn tree measurement into something fast, cheap, and reliable - reliable enough that ordinary people can collect site data, and even earn income for it.

Flagship Platform

LandOS

Step-by-step guidance through carbon project development, paired with ecosystem analytics that lower cost and speed while giving institutional buyers real diligence.

Field Data App

Biome

Computer vision and AR for forest inventory - a citizen-science tool that lets anyone measure trees with a phone and feed verified data into projects.

Services

Project Development

End-to-end support for reforestation, conservation, agroforestry, and improved-forest-management projects, built for carbon-standard compliance.

Capital

Investment Solutions

Portfolio access and long-term offtake pricing connecting nature-based projects to the investors and corporate buyers who fund them.

A nature-based carbon project landscape supported by Earthshot Labs
WHERE THE DATA LIVES. Every pixel of satellite imagery eventually has to agree with a tree somebody actually walked up to and measured. This is that place.

Software makes the project cheap. Diligence makes it bankable. Earthshot is trying to do both at once.

Why two products, not one
Milestones

A short history of a long-term company

2015

The spark

Troy Carter watches coral reef damage firsthand - the moment he later credits for pulling him into climate work.

2020

Earthshot Labs is founded

Troy Carter and Patrick Leung start the company in Sebastopol, California, as a Public Benefit Corporation.

2021

The thesis goes public

The founders argue that degraded land holds multi-trillion-dollar carbon potential - and warn against a speculative boom without rigor.

2022-2023

Platform and community scale

LandOS and the Biome app take shape; the community grows past 700 data scientists and domain experts.

2024

$5.5M Series A

Acorn Pacific Ventures leads the round, with Future Ventures, Earth Foundry, Resilient Earth Capital and others joining to expand the platform.

Today

50+ projects, 1M+ hectares

Earthshot has helped develop dozens of projects worldwide and directed tens of millions of dollars into restoration.

05 / THE PROOFThe numbers do some of the talking

Earthshot reports having helped develop 50 or more reforestation, conservation, agroforestry, and improved-forest-management projects across more than a million hectares, while directing somewhere between $55M and $65M+ into project financing. Those figures are the company's own, and they describe reach more than revenue - but they are the kind of numbers a skeptical investor can at least check.

50+Projects developed
1M+Hectares supported
$65M+Financing directed
700+Data scientists

Series A, by the cap table

$5.5M raised, July 2024 - who showed up

Acorn Pacific (lead)
Led the round
Future Ventures
Participated
Earth Foundry
Participated
Resilient Earth Cap.
Participated
One Small Planet
Participated
Parameter / Orca / Sand Hill
Angels & funds

Bars indicate participation, not dollar allocation - exact splits were not disclosed. Total round: $5.5M. Total raised to date: roughly $11M-$14.7M across rounds.

A climate startup is only as credible as its quietest investor's diligence. Earthshot built the company around that fact.

Reading the cap table

The partner roster reads like a who's-who of conservation: BirdLife International, Fauna & Flora International, Plan Vivo, Everland, and the OPEC Fund all appear in Earthshot's orbit. The competitive set is real too - Pachama, Sylvera, NCX and others are circling the same problem - which is usually a sign the problem is worth solving.

06 / THE MISSIONRestore nature at planetary scale

Earthshot's stated mission is to "restore and protect nature at planetary scale." It is an enormous sentence for a 35-person company, and the founders know it - which is precisely why they incorporated as a Public Benefit Corporation, writing the mission into the legal charter so it cannot quietly evaporate the moment growth and purpose disagree. The vision underneath is almost stubbornly practical: make standing forests and restored ecosystems generate durable, science-backed value, so that conservation becomes the financially obvious choice rather than the noble exception.

The goal is not to make people care about forests. It is to make forests worth more alive than dead.

The mission, decoded

07 / WHY IT MATTERS TOMORROWThe phone, the tree, and the future

Climate finance is about to get either much bigger or much more cynical, and the deciding factor will be whether anyone believes the underlying data. If carbon credits remain a black box, the money walks. If they become as auditable as a balance sheet, restoration scales. Earthshot is wagering on the second future, and building the tools to drag the market toward it - one measured tree at a time.

So return to that person standing in the forest, phone raised toward a tree. A year ago, that measurement might have lived in a notebook, lost or doubted. Now it flows into LandOS, gets checked against satellite data, and helps a project earn financing that puts more trees in the ground. The ritual looks the same. What changed is that someone, somewhere, finally believes the number. That is the whole company, and it is not nothing.

Profile compiled from public sources including earthshot.eco, BusinessWire, VentureBeat, Crunchbase, and founder interviews. Figures such as hectares, projects, and financing are company-reported and approximate. Total funding noted as a range across sources.