Single.Earth said to raise capital to support its goal of saving forests

Single.Earth, which is helping to save forests through investments, has reportedly raised funding to continue its goal of saving the natural world.

The company secured “millions of dollars” to buy forests and wetlands, according to a report from Reuters.

Estonia-based Single.Earth enables consumers to invest into natural resources, which enables them to pay small businesses to preserve their trees rather than cut them down for farming or logging. The company connects landowners with sustainable companies and investors, ensuring natural resources remain intact.

Investors can all vote on the forests and areas in which they want to protect next.

Local software firm Pipedrive committed $3.9m to invest into forests, according to the report.

Last year, Dutch neobank bunq introduced a new subscription option where customers can opt to have one new tree planted for every €100 they spend with any bunq card.

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