MOMBAK
MOMBAK is a Series C+ fund in Brazil investing in Climate, carbon-removal and reforestation.
- Stages
- Series C+
- Sectors
- Climate, carbon-removal, reforestation
- Invests in
- Brazil
- Actively investing
- Yes
- Founded
- 2021
- Assets under management
- $100M
Check size not disclosed
Thesis
Mombak is a carbon removal company dedicated to large-scale reforestation in the Brazilian Amazon, aiming to become the world's largest in this sector. Their vertically integrated strategy covers land acquisition, planting, monitoring, and credit sales, ensuring quality and transparency. Mombak utilizes technology, including machine learning, for land identification and species optimization. The business model involves creating, verifying, and selling carbon removal credits to corporate buyers like Microsoft and Google, emphasizing co-benefits such as biodiversity restoration, improved water resources, and local job creation. The primary geographic scope is the Brazilian Amazon, where they acquire or partner with landowners to transition land use from cattle pasture to reforestation. Mombak has also secured a $225 million outcome bond with the World Bank. The company has raised approximately $131.1 million across multiple funding rounds, with a recent $30 million Series A in May 2025, and close to $200 million in total including equity and carbon credit agreements.
Common questions
Does MOMBAK invest at the Series C+ stage?
Yes. MOMBAK lists Series C+ among the stages it invests in.
Where does MOMBAK invest?
MOMBAK invests in Brazil.