Single.Earth raised a $7.9M Seed round backed by EQT Ventures and Icebreaker VC.

Single.Earth, a Talinn, Estonia-based operator of a digital platform connecting carbon tracking to crypto tokens, announced the completion of a $7.9 million capital funding round.

The money was raised from investors including Sweden-based VC EQT Ventures and Finland-based early stage investor Icebreaker, joined by angels Ragnar Sass and Martin Henk, founders of Pipedrive, via Honey Badger.

Proceeds will be used to launch a nature-backed MERIT tokens marketplace to make nature the new gold - and expand the team

Single.Earth, founded in 2019 by CEO Merit Valdsalu and Andrus Aaslaid, developed a platform that tokenizes nature for its ecological value - carbon sequestration, storage, and biodiversity.

The company works with landowners who conserve and restore forests, wetlands, and other natural resources, and landowners who join Single.Earth can add their land to the  Each time 100kg of CO2 is captured in biodiverse nature, the company says it generates MERIT tradable tokens issued to landowners who can easily sell them on the transparent and secure Single.Earth marketplace.

Single.Earth also creates a digital twin of Earth by combining satellite data, big data analysis, and machine learning to create a digital representation of how the world’s nature - and land added to our platform - sequesters carbon and holds biodiversity.

The company was previously pre-seeded by Icebreaker and angel investors at the beginning of 2021.