Mombak targets $150 million for Amazon reforestation fund
Brazilian startup Mombak secured the first close of its second restoration fund and signed a multiyear carbon-credit agreement with Salesforce.
Mombak said on September 21 that it had secured the first close of Amazon Reforestation Fund II. The fund targets $150 million and will also have access to a credit line of up to 200 million reais from Brazil’s Climate Fund.
The fund and the credit line are different pools
Amazon Reforestation Fund II aims to raise $150 million in investor capital. Separately, Brazil’s Climate Fund, operated by BNDES, will provide a 200 million-real credit line, approximately $38.88 million at the exchange rate cited in the announcement.
A first close does not mean the fund has already raised the full $150 million. The amount of investor capital committed at the first stage was not disclosed.
Salesforce became a new buyer
Mombak signed a multiyear carbon-removal credit purchase agreement with Salesforce. The volume and price were not disclosed. The company’s other buyers include Google, Microsoft and McLaren Racing.
Mombak says its first $120 million fund financed the planting of nearly 15 million native trees across 15 Amazon farms. It expects a second issuance of roughly 80,000 metric tons by the end of 2026; this is a forecast, not a completed issuance.
Source and date
News date: September 21, 2026. Reuters: https://www.reuters.com/sustainability/climate-energy/brazils-mombak-raises-new-fund-adds-salesforce-carbon-credit-buyer-2026-09-21/
The fund target, credit line, tree count and future issuance are based on information provided to Reuters by Mombak and BNDES representatives.
Sources and image credits
This article was prepared by the Founders Cafe editorial team.
