Cultivo raises $14 million in Series A funding led by MassMutual Ventures and Octopus Energy Generation
Cultivo , a public benefit corporation, today announced it has raised $14 million in Series A funding to accelerate its mission to unlock investment into regenerating nature at scale through high-quality projects.
- Cultivo , a public benefit corporation, today announced it has raised $14 million in Series A funding to accelerate its mission to unlock investment into regenerating nature at scale through high-quality projects.
- View the full release here: https://www.businesswire.com/news/home/20240129031044/en/
Cultivo project in Sierra del Carmen, in the state of Coahuila, Mexico (Photo: Business Wire)
The funding round co-led by MassMutual Ventures and Octopus Energy Generation, with participation from Salkantay Ventures and Peña Verde, will speed up the business’ growth and brings Cultivo’s total funding to over $20 million. - The growth in Cultivo’s pipeline has been driven by financial institutions and companies turning to Cultivo to originate their own high-quality natural capital projects.
- We’re deeply honored to have MassMutual Ventures and Octopus Energy Generation join us on our mission to regenerate nature at scale.”
As part of this news, Cultivo has also signed an agreement with Octopus Energy Generation for them to deploy up to $40 million into natural capital projects across North America, Europe and Australasia.