OnePlanetCapital has provided follow-on funding for portfolio business Earthly.

OnePlanetCapital has provided follow-on funding for portfolio business Earthly to further support its growth. Earthly helps corporate clients invest in nature-based solutions that remove carbon and restore bio-diversity. The company has 3 core revenue streams;  carbon accounting services, nature-based offsets into key high quality projects and API revenues from consumers offsetting carbon via 3rd parties (for example via Earthly banking clients). 

OPC Verdict

Earthly’s momentum has continued strongly into the latter part of 2022 with record revenues month on month and a series of high-profile client wins such as Virgin Racing, Innocent Drinks, Savills and S&P Global. What we really like about this business is that it has strong trading numbers across a few core revenue streams which give the business multiple directions for expansion. The nature-based solutions market is growing rapidly and predicted to get as large as 500bn USD per annum - Earthly are committed to being at the top end of the market in terms of quality and regulation. A strategy reflected by the fact that the Egyptian Ministry of the Environment asked them to present at Cop 27 on how to accelerate investment into nature-based climate solutions.

In terms of environmental impact Earthly has the potential to have a massive direct impact on carbon emissions. In 2022 Earthly will have facilitated the planting of over 1m trees and offset close to 100,000 tonnes of carbon. The company has an ambition to remove 1 billion tonnes of carbon over the next decade.