Pina Earth receives 2.4 million euros

Munich-based climate tech startup Pina Earth aims to achieve climate resilience in European forests. Nordstar, among others, is investing.

Pina Earth prevailed in the Y Combinator and is now receiving €2.4 million. Investors include Xange, Nordstar, Climate Capital, Gustaf Alstromer (partner at Y Combinator) and Lea-Sophie Cramer (founder of Amorelie). With the new capital, Pina Earth aims to make European forests climate resilient. To do so, the start-up enables forest owners to implement_{CO2 projects} through digital data collection, monitoring and certification solutions.

This also convinced the investors: "Xange is proud to continue investing in climate tech and to support the climate resilience of European forests. Pina Earth's technology generates high quality European CO2 certificates for which demand will continue to grow. This investment is a contribution to protecting the financial and environmental value of our forests," says Nadja Bresous, partner of Xange.

Dr. Gesa Biermann, Florian Fincke and Jonas Kerber founded the start-up 2021 to improve the certification of forest carbon projects. An online platform to certify the carbon storage of forests is being developed by Pina Earth to connect forest owners with buyers of_{CO2 certificates}. The start-up plans to use the new capital for more staff and further product development. Further, Pina Earth wants to expand its projects in forests across the EU.