Latest news with #GabrielSilva
Yahoo
23-05-2025
- Sport
- Yahoo
☕️🥐 FC Breakfast: Betis unveil new crest 🦅, Dembélé's classy gesture
This article was translated into English by Artificial Intelligence. You can read the original version in 🇫🇷 here. Let it pass! In the Portuguese League, a player was clocked at... 40km/h! However, beware of 30 km/h zones in the city. Modo 𝗙𝗹𝗮𝘀𝗵 ⚡Gabriel Silva é o jogador 𝗺𝗮𝗶𝘀 𝗿𝗮́𝗽𝗶𝗱𝗼 🏎️ do mundo!Conseguiste acompanhar esta velocidade toda?📽️ @sporttvportugal #LigaPortugal #LigaPortugalBetclic #CDSC — Liga Portugal (@ligaportugal) May 14, 2025 Tottenham, Crystal Palace, Newcastle, Liverpool... what do these clubs have in common? They are English, represented by a bird, and have all won a title this season. Whether it's on their logo or in their nickname, these four clubs have all had a nice success in 2024-25. This is starting to make Real Betis tremble... In fact, the Spanish club is facing Chelsea in the Conference League final. For the occasion, the logo has been changed to have the prophecy on their side. Presenting our badge for the Conference League final. — Real Betis Balompié (@RealBetis_en) May 22, 2025 One thing is certain, Chelsea has no connection to any bird, so Betis has every chance. Ousmane Dembélé invited the U9 team from Évreux to the last match of the season, against Auxerre. The children were able to attend the trophy presentation of the club. Beau geste d'Ousmane Dembélé qui a invité les U9 d'Évreux, son club formateur, à l'occasion du dernier match de L1 🙌🏽On kiffe ce genre d'initiative ici ❤️ — Djamel 🇵🇸 (@Djaameel_) May 21, 2025 - 🚨 Kings League France: Panam All Starz wins the competition! - We know the date of Xabi Alonso's presentation at Real Madrid - PSG/Inter Milan – Kvaratskhelia has strong words about the final! 8:45 PM: Come - Inter Milan (L'Équipe) 8:45 PM: Napoli - Cagliari (L'Équipe) 9:00 PM: Betis - Valencia (beIN Sports) 📸 FRANCK FIFE - AFP or licensors
Yahoo
03-05-2025
- Business
- Yahoo
Google, Microsoft, Meta, And McLaren Back Mombak's $30M Amazon Reforestation Push, Targeting $600M In Carbon Credit Deals By 2025
Brazilian startup Mombak has secured $30 million in a Series A funding round led by Union Square Ventures, with participation from existing investors Kaszek, Bain Capital, and AXA IM Alts, as well as new backers Lowercarbon Capital and Copa Investimentos. This funding will support Mombak's mission to restore degraded farmland in the Amazon rainforest using native species and generate carbon credits for companies seeking to offset their greenhouse gas emissions, according to Reuters. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Since its founding in 2021 by Gabriel Silva, former CFO of Nubank, and Peter Fernandez, former CEO of 99, Mombak has planted 5 million native trees across 45,000 acres, an area three times the size of Manhattan, Reuters writes. The company aims to reach 8 million trees planted by June. 'We are moving from startup to scale-up,' co-founder Gabriel Silva told Reuters. 'We decided it was time to have a new capital round to invest in this new phase: taking our initial business and doing it in a much larger scale.' Mombak's approach involves acquiring or partnering with owners of degraded Amazon land to restore native vegetation, generating carbon credits that companies can purchase to offset their emissions. This model not only helps in carbon sequestration but also contributes to biodiversity and ecosystem restoration in the Amazon. Trending: Donald Trump just announced a $500 billion AI infrastructure deal — . According to Reuters, Mombak has already signed $150 million worth of carbon removal offtake contracts and expects that number to quadruple within the next year. Major companies such as Google, Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META), and McLaren Racing have already committed to purchasing credits from Mombak, a sign that big tech is taking nature-based carbon removal seriously, Reuters writes. Google recently agreed to buy 50,000 metric tons of carbon credits from Mombak by 2030, marking its first carbon removal partnership in South America. Microsoft, ahead of the curve, also signed a contract in 2023 to purchase up to 1.5 million carbon credits from Mombak. Meta has also pledged support through its participation in the Symbiosis Coalition, a group that includes Microsoft, Google, and Salesforce, which committed to contracting up to 20 million tons of nature-based carbon removal credits by 2030, according to Reuters. McLaren Racing, the iconic Formula 1 team, joined this growing list of partners by purchasing credits from the startup as part of its mission to reach net-zero emissions by 2040, Mombak announced. These partnerships signal growing industry confidence in the scalability and quality of Mombak's carbon removal addition to private equity and venture funding, Mombak recently secured $17.8 million through a joint commitment from Santander Brasil and Brazilian state development bank BNDES, Reuters writes. This makes Mombak the first reforestation project to receive support from Brazil's $2 billion New Climate Fund, launched in 2023 to advance climate-focused initiatives. Andy Weissman, managing partner at Union Square Ventures, emphasized the importance of this work, stating, "We believe that carbon removal will be one of the defining industries of the 21st century. We're proud to support Mombak's mission to turn the Amazon into a global engine for climate restoration." With over $200 million raised since its founding, Mombak stands at the intersection of environmental impact and economic innovation. The company's commitment to large-scale reforestation, combined with demand from global corporations, positions it to lead a new wave of climate restoration rooted in natural solutions. Read Next:Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? MICROSOFT (MSFT): Free Stock Analysis Report This article Google, Microsoft, Meta, And McLaren Back Mombak's $30M Amazon Reforestation Push, Targeting $600M In Carbon Credit Deals By 2025 originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Reuters
29-04-2025
- Business
- Reuters
Brazil reforestation startup Mombak raises $30 million in USV-led round
SAO PAULO, April 29 (Reuters) - Brazilian reforestation firm Mombak has secured $30 million in a funding round led by venture capital firm Union Square Ventures (USV), it said on Tuesday, in another sign of growing investor interest in Brazil's carbon removal sector. Mombak, a leading startup in the nascent industry, restores degraded farm and pasture land to Amazon rainforest with native species and sells credits from the carbon captured to companies looking to voluntarily offset their greenhouse gas emissions. here. The latest Series A round also involved existing investors Kaszek, Bain Capital and AXA-controlled ( opens new tab AXA IM Alts, Mombak said, in addition to fresh investors Lowercarbon Capital and Copa Investimentos. Funds from the round will be primarily used to scale up business operations, said Mombak, which has already planted 5 million native trees on 45,000 acres under management — an area three times the size of Manhattan. The company aims to reach 8 million trees planted by June. "We are moving from startup to scale-up. We decided it was time to have a new capital round to invest in this new phase: taking our initial business and doing it in a much larger scale," Mombak co-founder Gabriel Silva told Reuters. The fundraising is the latest sign of growing activity in Brazil's carbon removal industry, with startups such as blue-chip founded Biomas and billionaire Joao Moreira Salles-backed having also launched major projects in recent months. The sector has attracted firms such as Alphabet 's Google (GOOGL.O), opens new tab, Microsoft (MSFT.O), opens new tab, Facebook owner Meta (META.O), opens new tab and McLaren Racing, all of which have signed deals to take carbon credits from Brazilian projects. Mombak has so far inked $150 million worth of carbon removal offtake contracts and expects that volume to grow up to four times this year. The startup has attracted some $200 million in investments since it was founded in 2021. "We believe that carbon removal will be one of the defining industries of the 21st century," USV managing partner Andy Weissman said. "We're proud to support Mombak's mission to turn the Amazon into a global engine for climate restoration."
Yahoo
07-04-2025
- Business
- Yahoo
Santander, BNDES back Mombak reforestation, drawing on Brazil climate fund
By Gabriel Araujo SAO PAULO (Reuters) -Reforestation startup Mombak has secured 100 million reais ($17.8 million) in a deal with Santander Brasil and Brazilian development bank BNDES, it said on Monday, eyeing rapid growth in the carbon removal market. Mombak, which buys degraded land from farmers and ranchers or partners with them to replant native species in the Amazon rainforest, will be the first to fund a reforestation project with the backing of the Brazil's "New Climate Fund". Brazil's government launched the 10 billion-real initiative in 2023 to finance climate-related projects. Santander is serving as financial intermediary for the deal, underscoring growing interest from private lenders in the nascent sector. BNDES had offered a credit line for up to 160 million reais to Mombak in August, but the startup needed a financial agent providing required guarantees to access the capital. "There is a challenge between getting this approval and actually being able to use the capital. We are reaching a very important milestone," Mombak co-founder Gabriel Silva said in an interview. Mombak currently has 45,000 acres under management, an area three times the size of Manhattan, and by June expects to have planted 8 million trees in the world's largest rainforest. By turning degraded land into forests, the company is working to generate "carbon credits" that companies can buy to offset their greenhouse gas emissions. Mombak, which has deals with buyers such as Microsoft, Google and McLaren, has inked $150 million worth of carbon removal offtake contracts - a figure it expects to triple or quadruple this year, CEO Peter Fernandez said. Some firms in Brazil's nascent carbon market have complained of difficulty getting loans to reduce capital costs and finance operations, as many investors still see it as risky. BNDES director Tereza Campello said the Mombak deal should set a precedent helping to ease some of those concerns. The bank sees Brazil, home to nearly 60% of the Amazon rainforest, as well positioned to be a leading player in carbon offset markets. "This is the role of a development bank. We are taking the initiative," Campello said in an interview. "This deal shows the market is viable and that not only BNDES believes in it, but other financial institutions too." Santander sustainability head Leonardo Fleck said fresh funding reflected an increasingly established market in Brazil. "Capital is flowing, companies are planting and getting offtake contracts with large global firms. I see it a lot like a puzzle - you start to fit the pieces together." ($1 = 5.6321 reais) Sign in to access your portfolio
Reuters
07-04-2025
- Business
- Reuters
Santander, BNDES back Mombak reforestation, drawing on Brazil climate fund
SAO PAULO, April 7 (Reuters) - Reforestation startup Mombak has secured 100 million reais ($17.8 million) in a deal with Santander Brasil ( opens new tab and Brazilian development bank BNDES, it said on Monday, eyeing rapid growth in the carbon removal market. Mombak, which buys degraded land from farmers and ranchers or partners with them to replant native species in the Amazon rainforest, will be the first to fund a reforestation project with the backing of the Brazil's "New Climate Fund". Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. Brazil's government launched the 10 billion-real initiative in 2023 to finance climate-related projects. Santander is serving as financial intermediary for the deal, underscoring growing interest from private lenders in the nascent sector. BNDES had offered a credit line for up to 160 million reais to Mombak in August, but the startup needed a financial agent providing required guarantees to access the capital. "There is a challenge between getting this approval and actually being able to use the capital. We are reaching a very important milestone," Mombak co-founder Gabriel Silva said in an interview. Mombak currently has 45,000 acres under management, an area three times the size of Manhattan, and by June expects to have planted 8 million trees in the world's largest rainforest. By turning degraded land into forests, the company is working to generate "carbon credits" that companies can buy to offset their greenhouse gas emissions. Mombak, which has deals with buyers such as Microsoft (MSFT.O), opens new tab, Google (GOOGL.O), opens new tab and McLaren, has inked $150 million worth of carbon removal offtake contracts - a figure it expects to triple or quadruple this year, CEO Peter Fernandez said. Some firms in Brazil's nascent carbon market have complained of difficulty getting loans to reduce capital costs and finance operations, as many investors still see it as risky. BNDES director Tereza Campello said the Mombak deal should set a precedent helping to ease some of those concerns. The bank sees Brazil, home to nearly 60% of the Amazon rainforest, as well positioned to be a leading player in carbon offset markets. "This is the role of a development bank. We are taking the initiative," Campello said in an interview. "This deal shows the market is viable and that not only BNDES believes in it, but other financial institutions too." Santander sustainability head Leonardo Fleck said fresh funding reflected an increasingly established market in Brazil. "Capital is flowing, companies are planting and getting offtake contracts with large global firms. I see it a lot like a puzzle - you start to fit the pieces together."
