What is Open Forest Protocol?
Open Forest Protocol (OFP) operates as a scalable, open-source platform designed to democratize access to climate finance for forestation projects of all sizes. By providing a robust framework for MRV, the platform enables communities, NGOs, and governments to generate verifiable, proof-of-impact data. This data is subsequently validated by a decentralized network of independent experts, effectively removing the traditional barriers to entry for nature-based climate solutions. Through its integration of blockchain technology, OFP ensures that environmental data remains transparent, immutable, and audit-ready, thereby fostering trust among stakeholders and investors alike.
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 pioneering cross-border venture fund that connects the US, Latin American, and global technology markets, specializing in fintech and enterprise software.
Shima Capital
Shima Capital is a leading early stage VC firm focused on disruptive blockchain companies, providing hands-on support to help teams build and scale generational businesses.
Mercy Corps Ventures
Mercy Corps Ventures is an impact-focused investment arm that supports early-stage startups building solutions for underserved populations and climate resilience.
What's next for Open Forest Protocol?
With this major strategic investment, Open Forest Protocol is poised to accelerate its technical roadmap and expand its global footprint. The company is expected to focus on scaling its verification network and deepening its integration with international carbon markets. By providing a reliable, data-backed foundation for nature-based solutions, OFP is well-positioned to capture a significant share of the emerging climate-tech sector. Future growth will likely center on enhancing the platform's interoperability with existing financial systems, ultimately driving more efficient capital allocation toward global reforestation efforts and long-term ecological restoration.
See full Open Forest Protocol company page
