What is Open Forest Protocol?
Open Forest Protocol (OFP) is a scalable, open platform designed for the Measurement, Reporting, and Verification (MRV) of forestation data. It empowers individuals, communities, NGOs, entrepreneurs, and governments to generate transparent and immutable proof-of-impact data, which is then comprehensively verified by a network of independent experts. OFP is establishing the foundational infrastructure for more inclusive and scalable financing mechanisms for nature-based climate solutions, aiming to drive significant investment into environmental initiatives.
How much funding has Open Forest Protocol raised?
Open Forest Protocol has raised a total of $4.1M across 1 funding round:
Other Financing Round
$4.1M
Other Financing Round (2023): $4.1M with participation from Mercy Corps Ventures, Valor Capital Group, Shima Capital, and Big Brain Holdings
Key Investors in Open Forest Protocol
Valor Capital Group
Valor Capital Group is a venture fund specializing in fintech and enterprise software, connecting US, Latin American, and global technology markets. They focus on investing in companies transforming industries and driving innovation from startup to scale-up.
Shima Capital
Shima Capital is an early-stage venture capital firm focused on disruptive blockchain companies, providing hands-on support for talent acquisition, community building, and technical development.
Mercy Corps Ventures
Mercy Corps Ventures is an impact-focused venture capital firm that invests in early-stage companies addressing critical global challenges, particularly in areas related to sustainable development and financial inclusion.
What's next for Open Forest Protocol?
With this major strategic investment, Open Forest Protocol is poised to accelerate the development and adoption of its MRV platform. The company's focus on creating verifiable data for nature-based climate solutions positions it at the forefront of the burgeoning climate tech and carbon markets. Future growth is expected to involve expanding its network of expert verifiers and forging deeper partnerships with entities seeking to finance and scale climate mitigation efforts, thereby enhancing the credibility and accessibility of nature-based carbon credits.
See full Open Forest Protocol company page
