Mombak Hits $150M Target for Second Amazon Reforestation Fund

Brazilian carbon removal company Mombak has reached the first close of its second reforestation fund, targeting $150 million to finance restoration projects in the Amazon. The new fund also has access to a R$200 million credit line from Brazil’s Climate Fund.

Mombak has already attracted major buyers including Google, Microsoft, and McLaren Racing. The company has signed a multi-year carbon removal purchase agreement with Salesforce, adding another big corporate buyer to its growing customer base.

The new fund will invest in projects that restore degraded land in the Brazilian Amazon. Mombak used its first $120 million fund to support restoration in the same region, planting nearly 15 million native trees and delivering actual carbon removal credits earlier than expected.

CEO Gabriel Haddad Silva noted: 'The market spent years asking whether high-integrity reforestation could actually deliver. We answered that with our first deliveries ahead of schedule.'