Single.Earth is a GreenTech company with significant funding for scientific research and innovation development in nature-based solutions. The founding story starts in 2019 in Estonia, where environmentalist Merit Valdsalu and life-long engineer Andrus Aaslaid tackled the very local issue of intensive logging. They won the Garage48 Future of Wood hackathon with the project that proved that nature can be commercialized without being sold as raw material.
“We wanted to find alternatives for monetizing forests and soon realized that it’s not just Estonian forests that need saving – it’s all forests and, moreover, all nature,” describes Merit, the CEO and voice of the company.
In July 2021, the company raised a seed funding round of $7.9 million. The investment round was led by EQT Ventures, with participation from existing investor Icebreaker and Ragnar Sass and Martin Henk, founders of Pipedrive.
Today, the rapidly-growing Single.Earth team (70+ people) is on a mission to help preserve existing ecosystems by making nature protection profitable for landowners of all sizes. Our immediate goal is to increase the conserved area of existing biodiverse forests on a global scale. Ultimately, we strive to transform our economy by introducing the world's first nature-backed currency that explicitly acknowledges the dependence of all economic activity and human well-being on nature.
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