Tech Company Financing Transactions
Mast Reforestation Funding Round
Mast Reforestation closed a $15 million funding round on 5/10/2023. Investors included Carbon Streaming.
Transaction Overview
Company Name
Announced On
5/10/2023
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Undisclosed
Investors
Carbon Streaming (Lead Investor) (Justin Cochrane)
Proceeds Purpose
The company will use the funds to accelerate reforestation efforts post wildfire.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
950 NW Leary Way
Seattle, WA 98107
USA
Seattle, WA 98107
USA
Phone
Undisclosed
Website
Email Address
Overview
Mast Reforestation is a climate tech company with a mission to make reforestation scalable. As bigger, hotter, and more frequent fires increasingly destroy forested land each year, Mast facilitates faster, more resilient forest regeneration. Mast provides vertically integrated reforestation services to get forest restoration projects up and running in weeks, not years. Services include seed collection, seedling cultivation, site preparation, seedling hand planting, aerial drone-based seeding, and ongoing site monitoring. To fund its projects and open new revenue streams for landowners, Mast sells forward-looking carbon removal credits that allow companies seeking carbon neutrality to invest in reforestation projects for 200 years or more. Mast's investors include Alexis Ohanian's Seven Seven Six, Social Capital, DBL Partners, Marc Benioff's TIME Ventures, Elemental Excelerator, and more.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Grant Canary
Chief Operating Officer
John Hall
VP - Engineering
Teri Lampoudi
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