Renowned athletes Antoine Dupont and Raphaël Varane have invested in MORFO, a drone-based reforestation startup, alongside existing backers, to support its mission of restoring 100 million hectares of forest by 2050.
Information on the Target
MORFO is a Franco-Brazilian startup specializing in large-scale reforestation initiatives through innovative drone technology. Founded in 2021, the company has quickly positioned itself as a key player in sustainable reforestation, offering precise assessments of degraded areas, unique seed encapsulation technologies, and an innovative drone deployment system. These methods are tailored to create collaborative projects that engage local communities, ensuring both environmental respect and inclusiveness.
Under the leadership of its three co-founders, including Pascal Asselin, MORFO aims to restore an impressive 100 million hectares of forest by 2050. As of now, the company employs 35 staff members representing eight different nationalities, which enhances its diverse approach to tackling reforestation challenges.
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Industry Overview in the Target’s Specific Country
The reforestation sector in Brazil faces critical challenges as the country hosts some of the world's most vital ecosystems, including the Amazon rainforest. According to the UN, Brazil needs to undertake extensive reforestation efforts to combat deforestation
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Antoine Dupont, Raphaël Varane
invested in
MORFO
in 2023
in a Series A deal