The NbS Monthy Newsletter - March/April 2026

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The Monthly NbS Investment Newsletter

The Resource for Nature-Postive Allocators

By Capital for Climate | March / April 2026 Edition

The Newsletter at a Glance

Welcome to the newest edition of The NbS Investment Newsletter for 2026, your source for investor-centric updates on deal flow, emerging tools, and market trends in Nature-based Solutions. In this issue:

Brazil Climate Investment Week.
Sector News and Research: The latest insights from Capital for Climate’s NbS Investment Platform.
MRV Spotlight: The latest tools and research on measurement, reporting, and verification across carbon and nature markets.
Extended Insights: Fundings, Commitments, Research Findings.
New Opportunities: 10 newly added investable NbS opportunities added to Capital for Climate’s NbS Investment Platform.

We’d love to hear from you. Write to me on how we could make this newsletter more valuable to you.

Happy reading.

Julia Lopes, Editor

jlopes@capitalforclimate.earth

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Subscribe here.

If you know of NbS investable opportunities to share, or are yourself looking for NbS Investment, reach out here!

Brazil Climate Investment Week

On May 19, Capital for Climate will co-host the third edition of Brazil Climate Investment Week (BCIW) in São Paulo. Designed by investors, for investors, BCIW curates a highly focused environment for proprietary dealmaking among institutional allocators, C-suite executives, and top-tier project developers. Review the official NbS Investment Summit agenda here, and secure your registration here.

Following the plenary, investors are invited to a Matchmaking Session hosted by C4C on May 20, at AYA Earth Partners, in São Paulo.

Starting on May 21st C4C leads exclusive field trips to operational, high-integrity NbS projects in agroforestry and enhanced rock weathering. Learn more here.

BCIW is sponsored by: Vale, BNDES and the Brazilian Government, Nestlé, Santander, Anbima, Arapyaú Institute, F/M Derraik, Lightrock, Soros Economic Development Fund, Régia Capital, and VOX Capital.

Ecosystem Partner Event: Join Latimpacto on May 18 for "Aligning Capital for Impact." This closed-door session moves past the "donation vs. profit" binary to focus strictly on execution: utilizing Blended Finance to mitigate risk and unlock long-term capital flows. Register here.

NbS Investment News and Research Highlights

Octopus Energy Generation commits $500 million to Living Carbon for US afforestation and reforestation, targeting 50 million tonnes of CO₂ removal over 40 years [globenewswire]

Octopus Energy Generation will invest $500 million into afforestation and reforestation projects on degraded US land developed by California-based Living Carbon PBC, alongside a separate $13 million equity investment in the company's development business. The projects target former mining sites and exhausted farmland, with the goal of removing up to 50 million tonnes of CO₂ over 40 years. The deal is part of Octopus's broader target to deploy $2 billion in US clean energy by 2030.

Boeing signs 40,000-tonne biochar carbon removal agreement with Carbonfuture [esgtoday]

Boeing has entered a multi-year agreement with German platform Carbonfuture to procure at least 40,000 tonnes of durable carbon removal credits, sourced from a portfolio of biochar projects in the Global South. The credits will be used to address residual Scope 3 emissions, including those linked to business travel, as part of Boeing’s broader decarbonisation strategy. The portfolio approach draws from four biochar projects, with carbon removal tracked through Carbonfuture’s digital monitoring and verification infrastructure.

Bregal Sphere targets $500 million deployment into global natural capital projects [newprivatemarkets]

In March Bregal Sphere announced their partnership with developer Imperative to deploy up to $500 million into a global pipeline of nature restoration and carbon removal projects. The agreement provides Bregal Sphere with a right of first refusal to invest across Imperative’s projects, with individual investments expected to reach up to ~$30 million per project. The partnership supports ecosystem restoration initiatives spanning Africa, Asia, and Latin America, including forest and mangrove restoration. The deal increases Imperative’s total project funding framework to approximately $1.25 billion, reflecting growing institutional capital allocation to nature-based carbon project developers.

Nature study of Ecuador's Chocó rainforest finds secondary forests recover 90% of biodiversity abundance and diversity within 30 years, full species composition takes several decades [nature]

A study published in Nature tracking 16 taxonomic groups across a 38-year chronosequence in Ecuador's Chocó lowland rainforest found that secondary forests recovering from agricultural use regained more than 90% of their species abundance and diversity within 30 years, but reached only approximately 75% similarity to old-growth forest composition. The authors argue that protecting naturally recovering secondary forests is one of the most cost-effective tools available to meet UN Decade on Ecosystem Restoration goals, but caution that most secondary tropical forests worldwide are younger than 10 years.

Banco do Brasil issues $500 million nature bond, the world's first benchmark-size nature bond from a commercial bank [bb.com.br]

Banco do Brasil priced a $500 million nature bond on April 16, 2026. Proceeds will be directed toward the productive recovery of degraded areas, promoting soil restoration, increased agricultural productivity, and reduced pressure to open new land, with an emphasis on food cultivation.

Triodos Investment Management and Fondaction launch $350 million Value Nature Fund I for regenerative agriculture and forestry across Europe and North America [esgtoday]

Triodos Investment Management and Fondaction Asset Management have launched Value Nature Fund I, a closed-end natural capital fund targeting $350M (€300 million) to transition farmland and forests to regenerative practices across Europe, Canada, and the U.S. The fund launched with a C$25 million anchor commitment from Fondaction, combining FAM's North American environmental markets expertise with Triodos' European sustainable agriculture track record. It intends to classify as an Article 9 vehicle under EU SFDR, with measurable impact KPIs spanning biodiversity, climate mitigation, and social wellbeing.

Octopus Energy Generation commits $60M to expand carbon removal partnership with Cultivo [esgtoday]

Octopus Energy Generation has signed a $60 million carbon removal investment agreement with nature-based solutions developer Cultivo, expanding an existing partnership focused on ecosystem restoration. The additional capital increases total deployment to $100 million, targeting large-scale grassland restoration and carbon removal projects in the U.S. The partnership aims to generate high-quality nature-based carbon credits while restoring degraded land and improving ecosystem resilience. Cultivo claims their global project portfolio is tens of millions of hectares, including in Africa.

GCF backs the Responsible Commodities Facility with $85M

The Green Climate Fund (GCF) has approved an $85 million investment in the Brazil-based Responsible Commodities Facility (RCF), a blended finance initiative that provides below-market-rate credit to Brazilian soy farmers in the Cerrado who voluntarily forgo their legal right to convert native vegetation. The investment is expected to enable the RCF to scale from its current $60 million portfolio to $500 million by 2028, and is projected to prevent over 25 million tonnes of CO₂-equivalent emissions.

Microsoft signs 1.8 million carbon removal credit offtake with Rainforest Builder [carboncredits]

Microsoft has entered a 15-year offtake agreement with UK-based Africa-focused Rainforest Builder to purchase up to 1.8 million carbon removal credits from their Project Buffalo forest restoration project in Sierra Leone. The project aims to restore 15,000 hectares of degraded land and plant over 10 million trees in the Upper Guinean Forest. The deal is one of the largest single-project carbon removal transactions in Africa to date, supporting long-term supply of nature-based removals.

BNPP AM Alts invests in Rainforest Builder with undisclosed Series A and project financing [agriinvestor]

BNP Paribas Asset Management Alts has made a Series A equity investment of undisclosed size in forest restoration developer Rainforest Builder, alongside committing project financing for its Ghana-based Project Colobus. The project will restore 24,000 hectares initially, with plans to expand to 70,000 hectares generating carbon removal credits through large-scale ecosystem restoration. The transaction combines equity and project-level financing to scale tropical forest restoration across Ghana, Sierra Leone, and Guinea.

Global Innovation Lab for Climate Finance selects eight solutions targeting $600 million climate and nature investment in emerging markets [climatepolicyinitiative]

The Global Innovation Lab for Climate Finance has selected eight solutions with potential to unlock ~$600 million in investment across emerging markets. Spanning sectors such as nature restoration, sustainable agriculture, and decarbonization, the initiatives will undergo a seven-month incubation and may receive up to $250,000 in grant funding.

BNPP AM Alts backs Sistema.bio’s $53 million FarmCarbon vehicle for biogas and carbon finance [agriinvestor]

BNP Paribas Asset Management Alts has invested in Sistema.bio’s FarmCarbon vehicle, which has reached a $53 million first close. The platform finances biodigesters for smallholder farmers across emerging markets, converting livestock waste into biogas and organic fertilizer. The model links technology deployment with carbon credit generation, enabling subsidized access for farmers. The vehicle is expected to support over 90,000 biodigesters, scaling methane emissions reduction in agriculture.

Prince Albert II of Monaco Foundation shifts toward impact investing, with ReOcean Fund raising $88 million toward $117 million target [riviera radio]

The Prince Albert II of Monaco Foundation is transitioning from traditional philanthropy to impact investing to fund large-scale ocean conservation, with its ReOcean Fund having raised €75 million ($88 million) toward a €100 million ($117 million) target. Current portfolio investments include Bound4Blue, whose wind-assisted propulsion can reduce ship fuel use by up to 20%, and NatureMetrics, which uses environmental DNA to monitor ecosystems. The Foundation also drove €8.7 billion in ocean finance pledges ahead of the United Nations Ocean Conference.

Abatable partners with Symbiosis Coalition to serve as RFP platform for 20 million-tonne nature-based carbon removal advance market commitment [abatable]

Carbon market procurement platform Abatable has announced it will serve as the RFP platform and project screening partner for Symbiosis Coalition's second RFP. Symbiosis is a 20 million-tonne advance market commitment from a coalition of corporate buyers seeking to contract the next generation of high-integrity nature-based carbon removals by 2030, and the partnership with Abatable provides a continuous rolling intake model replacing traditional fixed submission windows to speed up developer onboarding.

World Bank prices $120 million 14-year Spekboom Restoration Outcome Bond in South Africa [worldbank]

The World Bank (IBRD) priced a $120 million outcome bond maturing in 2040 — its longest-dated to date — to support ecosystem restoration and job creation in South Africa's Eastern Cape. The bond offers investors full principal protection plus potential variable returns linked to verified carbon removal units generated by Imperative's spekboom project across 50,000 hectares. Amazon has signed a long-term offtake agreement as anchor buyer of carbon removal units, providing the revenue certainty underpinning bondholder returns. The project targets 11,000 local jobs. BNP Paribas acted as sole Lead Manager and Bookrunner.

MRV and Remote Sensing Spotlight

CCA and VCMI release regulatory sandbox guide to help policymakers test carbon market frameworks [yahoo finance]

The Clean Cooking Alliance (CCA) and the Voluntary Carbon Markets Integrity Initiative (VCMI) have jointly released a guide on using regulatory sandboxes — controlled environments for governments to trial carbon market innovations before writing them into law. The guide covers mechanisms such as carbon-credit-linked bonds, blockchain registries, and AI-driven monitoring systems, and is designed for use by capital markets authorities, central banks, and climate finance developers. It was launched in Lagos alongside a West Africa financial institutions carbon markets training event, and reflects wider efforts to support emerging markets and developing economies in building investment-ready, high-integrity carbon market frameworks.

Global assessment in NPJ Sustainable Agriculture identifies geographic hotspots where regenerative farming can boost crop yields [bioengineer]

A study published in NPJ Sustainable Agriculture, maps where regenerative agriculture practices — including cover cropping, reduced tillage, and integrated livestock management — could meaningfully increase crop yields globally. The research combined climatic, soil, and crop data with empirical yield response functions to identify regions where regenerative methods most significantly outperform conventional agriculture, with temperate zones of Europe and North America showing the strongest cereal yield improvements. The authors also highlight significant co-benefits including carbon sequestration and biodiversity gains, but note that context-specific implementation and coordinated policy frameworks are necessary to scale the approach.

Paper describes Copernicus Data Space Ecosystem as public cloud processing infrastructure for EU earth observation satellite data [nature]

A paper published in Scientific Data provides a technical description of the Copernicus Data Space Ecosystem (CDSE), the official EU public cloud platform for Copernicus Programme satellite data. The platform eliminates the need for users to download multi-petabyte datasets locally, instead enabling real-time analysis via tools including openEO, Sentinel Hub APIs, and a browser interface — with benchmark tests showing processing time reductions from 18 minutes to 5 seconds for typical workflows. With over 500,000 registered users, the authors argue CDSE represents a step change in how earth observation data is used across scientific, governmental and commercial settings, with particular relevance for environmental monitoring, agricultural policy compliance, and land cover change detection relevant to biodiversity and deforestation assessments.

Space Intelligence selected as geospatial due diligence partner for Symbiosis Coalition's second RFP for nature-based carbon removal projects [space intelligence]

Space Intelligence has been selected by the Symbiosis Coalition — a 20-million-tonne advance market commitment for nature-based carbon removals — to provide geospatial due diligence for the coalition's second RFP, which covers reforestation, agroforestry, and mangrove projects. Using its own investment-grade land cover and biomass datasets, Space Intelligence's Due Diligence product will assess submitted projects against criteria including historical land eligibility, non-permanence and leakage risk over 10-, 50- and 100-year horizons, and dynamic baseline integrity by comparing developer growth projections against automated independent estimates.

Microsoft AI for Good, Taylor Geospatial, and Wherobots release first global agricultural field boundary map, counting 3.17 billion fields worldwide [linkedin]

Microsoft AI for Good, Taylor Geospatial, and Wherobots have produced the first global field boundary map at 10-meter resolution, covering 241 countries and territories and counting 3.17 billion individual fields. The dataset is released openly and creates, for the first time, a globally consistent unit of analysis matching how agriculture is organized on the ground — directly relevant to land-use monitoring, food-system analysis, carbon baseline construction, and smallholder-finance targeting.

Extended Market Insights

Fundings

Bregal Sphere joins $114 million funding close for Imperative's Spekboom South Africa ecosystem restoration project, backed by World Bank outcome bond and Amazon offtake [bregal sphere]

Bregal Sphere has joined a $114 million funding close for Imperative's Spekboom project in South Africa's Eastern and Western Cape provinces, which restores degraded Albany thicket through the native Portulacaria afra species across 60,000 funded hectares. The transaction combines $89 million in streaming capital from four institutional co-investors — including GenZero, Mirova, and Rubicon Carbon — with a $25 million principal-protected outcome bond issued by the World Bank's IBRD and co-arranged by BNP Paribas, where investor returns are linked to verified Carbon Removal Units. Amazon has signed a long-term Emission Reductions Purchase Agreement as anchor offtake.

IDB Invest's $15 million commitment brings Astarte Capital's SA Impact Forestry Fund II to halfway of $200 million target [agri investor]

IDB Invest has committed $15 million to Astarte Capital's SA Impact Forestry Fund II (SAIFF II), a Paraguay-focused sustainable forestry fund targeting $200 million, bringing total fundraising to approximately $100 million. The commitment includes co-financing from Finnish and Canadian government-backed institutions, including Canada's Net Zero and Climate Resilience Accelerator Fund. SAIFF II builds on Astarte's first fund, which closed at $325 million in 2024, and plans to expand the portfolio to 120,000 hectares, planting approximately 93 million trees and sequestering 25 million tonnes of CO₂ over the life of the assets.

CABEI issues $100 million nature bond, becoming first multilateral development bank to do so [prnewswire]

The Central American Bank for Economic Integration (CABEI) executed a $100 million private placement in the Asian market with a five-year maturity, structured by HSBC and purchased by an Asian institutional investor, marking the first nature bond issued by a multilateral development bank. The issuance was made under CABEI's Sustainable Bond Framework, with proceeds earmarked for environmental protection and biodiversity conservation projects. The transaction brings CABEI's total ESG issuances to over $11 billion.

Aqua-Spark Africa closes $48 million first close for sub-Saharan aquaculture fund targeting $250 million deployment over a decade [impactalpha]

Netherlands-based Aqua-Spark has reached the first close of its Africa-focused open-ended fund at $48 million with the goal of raising $250M in total. The fund is designed to invest across the entire tilapia and freshwater aquaculture value chain in sub-Saharan Africa — hatcheries, feed supply, genetics, tech, and distribution. Cornerstone co-investors include KfW, EU-funded AgriFI, Gatsby Africa, and the Livelihood Impact Fund. The fund comes on the heels of the eFishery fraud in 2024, which wiped nearly half of Aqua-Spark's global assets under management, though the firm reports investor conversations have moved past the headline to focus on sector fundamentals.

Shellworks raises $15 million Series A to scale biodegradable packaging alternative [esgtoday]

UK-based biomaterials startup Shellworks has raised $15 million in a Series A funding round to scale production of its compostable packaging material, Vivomer. The round was led by Alter Equity, with participation from investors including NFDG, JamJar Investments, and existing backers. The company’s technology uses microbial fermentation of waste biomass to produce a plastic-like material that is microplastic-free and home-compostable.

LEGO commits $2.8 million to expand carbon removal portfolio [carboncredits]

The LEGO Group has committed approximately $2.8 million (DKK 18 million) to expand its carbon removal portfolio across a mix of nature-based and engineered solutions. The investment will be allocated across multiple carbon removal projects, supporting the generation of verified credits as part of the company’s net-zero strategy.

Commitments

World Bank commits $1 billion to Philippines sustainable agricultural transformation project benefiting 5 million farmers [world bank]

The World Bank has approved $1 billion for the Philippines Sustainable Agricultural Transformation Project (PSAT), its largest-ever agriculture loan to the Philippines. Structured as a Program-for-Results operation linking disbursements to measurable outcomes, the initiative is expected to benefit at least 5 million farmers through improvements in productivity, climate resilience, and market access. The project promotes climate-smart practices in rice farming, diversification into higher-value crops, aquaculture, and livestock, and introduces a digital voucher system to improve farm input delivery.

Canada's PM Carney launches $3.8 billion strategy to protect 30% of lands and waters by 2030 [ca news]

Canada's Prime Minister Mark Carney launched a new national nature strategy, backed by $3.8 billion in federal funding organized across two pillars: protecting nature through new national parks and marine protected areas. The announcement includes two conservation sites created immediately — the Wiinipaakw Indigenous Protected Area in eastern James Bay and the Seal River Watershed National Park Reserve in Manitoba — and aims to bring Canada's terrestrial conservation to 30% by 2030.

Germany's KfW commits $217 million to protect Philippine marine ecosystems and support 3 million livelihoods [thephilbiznews]

Germany's state-owned KfW Development Bank has signed a €200 million ($217 million) financing agreement with the Philippines to support the Marine Ecosystems for Blue Economy Development Program (MEBED1), a government initiative focused on improving the protection, restoration, and sustainable management of the country's coastal and marine resources. The funding is expected to benefit over three million Filipinos including fisherfolk, aquaculture operators, and tourism workers, while strengthening regulatory capacity for managing marine ecosystems.

News & Research

Policy and Regulation

European Parliament STOA workshop examines nature-based solutions' role in climate adaptation [europarl]

The European Parliament's Science and Technology Options Assessment (STOA) panel hosted a workshop on March 30, 2026 examining the deployment of nature-based solutions (NbS) as tools for climate adaptation across Europe. The session brought together scientists, policymakers, and industry stakeholders to assess the scientific evidence base, scalability challenges, and regulatory frameworks for NbS, in the context of the EU's push to mainstream ecosystem-based approaches in its climate and biodiversity strategies.

Secaro CEO examines shift in supply chain decarbonization drivers from values to financial risk management [esg today]

A guest piece in ESG Today by Toby Newman, CEO of supply chain decarbonization platform Secaro, argues that motivations driving corporate climate action in supply chains have shifted from environmental values and net-zero pledges toward cost reduction and risk mitigation as CFOs take greater control of sustainability decisions. Newman points to energy efficiency as the most financially compelling lever, with 90% of emission reduction actions on Secaro's platform between 2020 and 2025 focused on energy optimization.

NbS Finance and Nature Finance

CPI highlights need for standardized data and processes to scale nature-based finance [climatepolicyinitiative]

An analysis from Climate Policy Initiative in March based on ten expert interviews in Brazil outlines five barriers to scaling investment in nature-based solutions, emphasizing the need for standardized frameworks, more coherent data gathering frameworks, and transparent and comparable impact verification systems to improve investability. The report finds that inconsistent measurement, limited data availability from project sponors, and fragmented processes continue to constrain capital deployment into NbS projects.

Public development banks consortium working to scale finance for nature-based solutions and adaptation [IUCN]

The IUCN and The International Development Finance Club, a consortium for development finance institutions are working on a system-wide initiative to support scale=up of financing for nature-based solutions. The initiative which will seek support from the GCF brings together DFIs and partners to work on new finance instruments, improve project preparation, and increase access to public funding for ecosystem-based adaptation projects.

Norway’s $2 trillion wealth fund sets new expectations on corporate nature risk management [esgtoday]

Norges Bank Investment Management, which manages Norway's ~$2 trillion sovereign wealth fund, has introduced new expectations for portfolio companies to assess, report, and manage nature-related risks. The guidance highlights financial impacts from biodiversity loss, including supply chain disruptions, water scarcity, and food system pressures, with 48% of companies already viewing nature risks as material.

Regenerate Asset Management argues regenerative agriculture is natural capital's next frontier [agri investor]

In a sponsored feature in Agri Investor, Regenerate Asset Management's Ben Stafford, Ryan Cameron, and Nicholas Burlington make the case that regenerative agriculture must now be considered a core component of any natural capital investment strategy, rather than a niche or supplementary allocation. Regenerate, which closed its Fund I at €150 million (~$163 million) in late 2025 and is expected to return to market with Fund II in 2026, specializes in mobilizing international private capital to support the agricultural transition through evidence-based, impact-focused investment in regenerative farming systems across Europe.

CDC Biodiversite releases report on biodiversity credit market development [cdc-biodiversite]

A report from CDC Biodiversité's B4B+Club presents the first independently scored evaluation of three biodiversity credit standard setters — Plan Vivo, Terrasos x Regen Registry, and Verra — against a 28-criterion grid covering transparency, stakeholder inclusion, biodiversity methodology, and MRV. All three scored below the 61/81 threshold required to be considered high integrity by this group: Plan Vivo scored 55/83, Verra 60/83, and Terrasos 36/83. The report frames the grid as an engagement tool to improve market quality ahead of COP30, while flagging the need for an ICVCM-like governance body specific to biodiversity credits.

Emerging Research & Research

Nature Ecology & Evolution identifies ten priority questions for the next decade of blue carbon science [nature]

A paper in Nature Ecology & Evolution identifies ten key knowledge and implementation gaps to enable scalable, high-integrity management of blue carbon ecosystems including mangroves, tidal marshes, seagrasses, and macroalgal forests. The study's top-ranked priority is managing blue carbon ecosystems to support coastal communities while integrating traditional ecological knowledge. The paper also highlights the need for improved carbon stock quantification, better understanding of how climate change affects restoration outcomes, and a clearer policy and finance landscape for blue carbon.

Research finds low correlation between biodiversity impact assessment tools for S&P 500 companies [ssrn]

Researchers from the Melbourne Biodiversity Institute evaluated eight widely used biodiversity impact software tools and found low correlation between their company rankings, suggesting that reliance on any single tool may lead to flawed investment decisions. An analysis of S&P 500 firms revealed no single company consistently appearing as a top-impact firm across all tools, with discrepancies stemming from non-standardized methodologies, differing data sources, and varied modeling assumptions. The authors call for greater methodological transparency, standardized validation protocols, and spatially explicit data to improve the reliability of nature-related financial risk assessments.

U.S. climate researchers adopting coded language and avoiding "climate change" terminology to protect funding under Trump administration [the energy mix]

To protect their research funding from severe cuts under the Trump administration, U.S. climate scientists are increasingly self-censoring by replacing the term "climate change" with neutral language like "weather variability." Faced with this restrictive environment, many researchers are leaving the federal government or escaping to Europe, where well-funded initiatives are actively recruiting displaced American scientists.

10 Newly Added Pipeline Investable Opportunities

1. Atlas Agro — Opp. Size $325M
  Atlas Agro builds and operates plants that produce nitrogen fertilizers from air, water, and renewable electricity. The company generates revenue through the sale of these low-carbon fertilizers to farmers, with a business model that emphasizes local production to displace imports and reduce transport emissions.
2. The Journey Fund - Opp. Size $200M
  The Journey Fund operates a fund-of-funds platform to direct investments toward energy, infrastructure, and nature-based solutions. The enterprise delegates capital to managers to deploy assets via equity or debt to generate returns for investors, support business transitions, expand power networks, and advance biodiversity conservation.
3. Africa and Latin America Conservation & Communities Tourism Fund II - Opp. Size $150M
  The Fund provides debt to ecotourism operators across Africa and Latin America to support wildlife conservation and rural livelihoods. It generates revenue through interest and principal repayments on these loans, while a blended finance structure with grant, junior, and senior capital tranches mitigates risk to attract private investment.
4. Semios - Opp. Size $100M
  Semios provides a bio-based and IT crop management platform for fruit and nut crops, using in-canopy IoT sensors and field services for pest control, irrigation, and climate monitoring. The company generates revenue through per-acre annual subscription fees.
5. Planet Farms - Opp. Size $75M
  Planet Farms operates vertical farms that use proprietary technology to cultivate pesticide-free produce. The company generates revenue through the sale of salads and herbs to retailers and the food service sector. It also develops ingredients for industrial clients and explores new crops like cotton for future commercial use.
6. BiomEdit - Opp. Size $75M
  BiomEdit develops microbiome products for animal health with a platform of synthetic biology and artificial intelligence. The company's business model involves the future commercial sale of its feed additives and therapeutics for livestock and companion animals, and revenue from commercial partnerships.
7. Treefera - Opp. Size $60M
  Treefera operates an AI-native intelligence platform that uses satellite imagery to provide financial-grade data for agricultural and soft commodity markets. The company generates revenue from the sale of market, risk, and environmental intelligence products to traders, financial firms, and supply chain organizations for source, risk, and compliance decisions.
8. Rainforest Builder - Opp. Size $50M
  Rainforest Builder develops tropical forest ecosystem restoration projects in West Africa. The firm uses a vertically integrated model for its projects, from seed collection to long-term forest protection. Revenue generation occurs through the sale of verified carbon removal credits produced by the restored ecosystems to corporate clients.
9. Aquabyte - Opp. Size $50M
  Aquabyte offers a technology platform to the aquaculture sector that uses cameras and artificial intelligence for data on fish biomass, sea lice, and welfare. The company generates revenue through a software-as-a-service subscription model, as clients pay for access to this data for farm management support.
10. Symbrosia - Opp. Size $35M
  Symbrosia cultivates Asparagopsis taxiformis seaweed with aquaculture on land to produce SeaGraze®, a feed additive that reduces methane emissions from livestock. The company generates revenue from the sale of SeaGraze® to cattle and milk producers who add it to feed to improve herd performance and meet climate targets.

Interested in learning beyond the Top 10? Click here if you’d like to see the full list of recently added investable NbS opportunities.

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The NbS Monthly Newsletter | March, April 2026

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