Energize Ventures leads a $50 million Series B investment in NCX, a leading carbon credit marketplace, to support its innovative platform aimed at scaling accessible, high-quality carbon credits in response to increasing corporate climate commitments.

Information on the Target

NCX is a pioneering carbon marketplace that focuses on facilitating high-quality carbon credits, leveraging advanced technologies such as remote sensing and artificial intelligence to create an impactful solution for climate action. Formerly known as SilviaTerra, NCX was co-founded by forester Zack Parisa and computer scientist Max Nova, who utilized data from Microsoft's AI for Earth program to develop the most precise map of forested areas in the contiguous United States. This foundation enables NCX to optimize carbon sequestration potential and streamline processes for landowners, allowing them to participate in carbon markets effectively.

The company’s robust approach to carbon accounting, along with its commitment to developing verifiable and high-quality carbon credits, sets it apart from competitors in the market. Through initiatives like NCX Basemap, which compiles a decade's worth of detailed forestry and climate data, NCX can generate accurately measured baselines for carbon projects, ensuring that both corporate clients and landowners benefit from credible credit verification.

Industry Overview in the Target’s Specific Country

The market for voluntary carbon credits has been experiencing exponential growth, driven by a surge in corporate climate commitments over the past two years. Currently, 38 percent of companies in the S&P 1200 have set or are in the process of