🇸🇳 Dakar, Senegal
Baobab Climate
Reforestation carbon credits with satellite MRV
ClimateSeries AESG 97
Round size
$15M
Valuation
$78M
ARR
$5.8M
YoY growth
188%
Conviction
86
/ 100
86/100
Medium risk
Team
38
Founded
2022
Investment thesis
Why now
Premium-priced (Verra-rated) credits backed by community-owned plots; corporate offtakes pre-sold.
- $22M offtake backlog
- MRV partnership with ESA
- 47k hectares under management
Score breakdown
6-factor weighted model
Diligence checklist
- Founder references
- Cap table & legal review
- Customer calls (5+)
- Cohort & retention data
- Regulatory memo
- ESG audit
Comparable deals
No direct comparables in pipeline.