Planboo Reaches Major Milestone in Biochar Production with $1.1 Million in Funding from Top Investors

Planboo Secures $1.1M in Funding to Expand Biochar Production Using MRV Technology

Planboo, a carbon removal company founded in 2020, has recently achieved a significant milestone by raising over $1.1 million in funding from investors such as Katapult, Silverstrand Capital, Rockstart, Imaginal Seeds, and 8+ Ventures. The company is focused on scaling biochar production in the Tropics and tracking the entire process using digital MRV technology.

Planboo’s approach to biochar production is transparent and flexible, utilizing hardware such as the IoT Greenbox to automate data collection and dMRV technology to reduce tracking time and minimize human error. With a mission to remove 1 billion tonnes of CO2 by 2050, the company is paving the way for sustainable carbon removal practices in the biochar sector. Investors like Katapult VC and Imaginal Seeds have expressed their support for Planboo’s efforts to drive innovation and make a positive impact in the global biochar market.

Sophia Reynolds

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