Arbonics, a new Estonian climate tech startup, has announced the launch of its unique data- and science-driven tool, which makes calculating the potential carbon income of land and forests quicker and easier for landowners in Europe to help fight climate change.
Earlier this year, the startup landed €1.8 million in a pre-seed funding round from Taavet Hinrikus (co-founder of Wise) with this Plural fund that raised €250M to spearhead the development of the platform and transform the analogue world of forestry with technology.
Lisett Luik, co-founder of Arbonics, said: “Landowners can be a powerful ally in combating climate change – by storing millions of tons of carbon dioxide in forests and protecting biodiversity. To make this happen, they need someone in their corner to provide critical data and analysis. With the help of our flexible data models and deep understanding of voluntary carbon markets, Arbonics can help landowners realise their land’s positive climate impact.”
Kristjan Lepik, co-founder of Arbonics, said: “Timber can still be used as a revenue source, but we are adding two new revenue streams in carbon and biodiversity. Our aim is to create the new forest economy and change how forests are valued. We’re excited to work with our investors to grow and develop Arbonics to help combat climate change.”
Taavet Hinrikus, founding investor, said: “I am a big fan of technologies that can speed up carbon capture – direct air capture is one example. But those technologies are only a small part of the solution; we need to empower nature and combine it with data-based technologies to help nature-based solutions scale.”
Nature-based solutions to fight climate change
Founded by Kristjan Lepik and Lisett Luik in early 2022, Arbonics enables nature-based solutions to fight climate change, focusing particularly on forestry.
Arbonics will make it easier for landowners to analyse and calculate the ability of their land to absorb carbon. It takes less than one minute for the platform to analyse the carbon opportunity of a given area of land or forest, using a dozen data sources combined with the team’s forest expertise. It can carry out analysis of unused land and also provides a custom solution for existing forests which generates carbon credits through adapted forest management practices.
By transforming the way landowners analyse and calculate their carbon sequestration potential, Arbonics will unlock new income sources for forests and landowners, whilst improving the voluntary carbon market.
This enables landowners to generate additional income whilst also providing proven, high-quality nature-based carbon credits that are certified by leading verification providers like Verra for the voluntary carbon market.