Xilva raises $1.8 million to build marketplace for forest investments
Summary
It conducts the due diligence process through its Xilva GRADE\xae platform and provides certified carbon credits for companies as well as investment opportunities for their future needs. The company has already signed contracts with an Australian real estate group, Goodman, and a Swiss watchmaker, Mondaine, facilitating transactions worth over $1.9 million towards forestry projects in Asia and Latin America and contributing to the compensation of over 152,000 tons of CO2. Its goal is to combat climate change while protecting biodiversity, benefiting local communities and enabling the full range of ecosystem services provided by forests. It then conducts further due diligence using its proprietary methodology Xilva GRADE\xae, which assesses potential impacts and risks of each project and allows capital providers to invest in those that match their ideal profile. In fact, an additional 25% of forested land could sequester 25% of atmospheric carbon, making a significant global impact on rising temperatures.Xilva brings together finance and forest-positive projects.