ForestFolks Raises 15 Million Yen in Pre-seed Round from Sparkle for Carbon Credit Forest Management
Summary
ForestFolks, a company specializing in forest management through carbon credits, announced on the 26th that it has secured 15 million yen in pre-seed funding from Sparkle.Founded in May 2023 in Minamiuonuma City, Niigata Prefecture, ForestFolks generates and sells high-quality carbon credits based on their proprietary forest management system. To prevent junk credits and greenwashing, they visualize data using their own standards, leveraging years of forestry experience combined with drone-based point cloud measurements and advanced analysis technologies.The companys services are built on three main pillars. First, their carbon credit generation and sales service handles various application processes, forest surveys, and monitoring tasks. They also conduct surveys on forest conditions, CO2 absorption rates, and biodiversity conservation status.The newly raised funds will be used to secure forestland for carbon credit generation, strengthen their management foundation, and enhance stakeholder relationships. As the business expands, they plan to focus on recruiting personnel for sales, administration, and forestry management positions.