About Open Forest Protocol
Open Forest Protocol is a company based in Lausanne (Switzerland) founded in 2020 by Frederic Fournier.. Open Forest Protocol has raised $4.1 million across 2 funding rounds from investors including NEAR Protocol, Mercy Corps and Shima Capital. Open Forest Protocol offers products and services including Carbon Credit Platform and Verification System. Open Forest Protocol operates in a competitive market with competitors including Varaha, Good Carbon, Invert, Klimate and CEEZER, among others.
- Headquarter Lausanne, Switzerland
- Founders Frederic Fournier
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Sectors
EnvironmentAgriculture
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Open Forest Ag
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.1 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
NEAR Protocol
& 11 more
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Employee Count
Employee Count
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Products & Services of Open Forest Protocol
Open Forest Protocol offers a comprehensive portfolio of products and services, including Carbon Credit Platform and Verification System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for registering and issuing forest carbon credits.
System for validating project data using AI and satellite imagery.
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Leadership Team
2 people
Advisor Team
1 people
Regional Team
1 people
Product Management Team
1 people
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Funding Insights of Open Forest Protocol
Open Forest Protocol has successfully raised a total of $4.1M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(11 Jan 2023)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Seed - Open Forest Protocol | Valuation | Übermorgen Ventures | |
| Jan, 2023 | Amount | Seed - Open Forest Protocol | Valuation | Shima Capital , Übermorgen Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Open Forest Protocol
Open Forest Protocol has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include NEAR Protocol, Mercy Corps and Shima Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A venture capital firm focused on climate tech startups.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital firm backed by GS Group and focused on climate tech, and energy sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Open Forest Protocol
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Open Forest Protocol
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Open Forest Protocol Comparisons
Competitors of Open Forest Protocol
Open Forest Protocol operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Varaha, Good Carbon, Invert, Klimate and CEEZER, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS solutions for carbon removal and sustainable agriculture are provided.
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| domain | founded_year | HQ Location |
Digital platform for investing in nature-based carbon projects is offered.
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| domain | founded_year | HQ Location |
Invert is engaged in carbon reduction and removal solutions.
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| domain | founded_year | HQ Location |
Carbon footprints are calculated and offset through capture technologies.
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| domain | founded_year | HQ Location |
Carbon footprint solutions are provided via an online platform.
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| domain | founded_year | HQ Location |
Carbon offsets are facilitated via a data-driven forest marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Open Forest Protocol
Frequently Asked Questions about Open Forest Protocol
When was Open Forest Protocol founded?
Open Forest Protocol was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Open Forest Protocol located?
Open Forest Protocol is headquartered in Lausanne, Switzerland. It is registered at Lausanne, Vaud, Switzerland.
Who is the current CEO of Open Forest Protocol?
Frederic Fournier is the current CEO of Open Forest Protocol. They have also founded this company.
Is Open Forest Protocol a funded company?
Open Forest Protocol is a funded company, having raised a total of $4.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.1M, raised on Jan 11, 2023.
What does Open Forest Protocol do?
Open Forest Protocol was established in 2020 in Lausanne, Switzerland, within the environmental and sustainability sector. Services focused on developing forest ecosystems and implementing tree protocols are offered to support conservation and monitoring efforts. Operations are managed from Switzerland, with Frederic Fournier serving as co-founder and CEO. The companys activities emphasize practical tools for forest management across relevant geographies.
Who are the top competitors of Open Forest Protocol?
What products or services does Open Forest Protocol offer?
Open Forest Protocol offers Carbon Credit Platform and Verification System.
Who are Open Forest Protocol's investors?
Open Forest Protocol has 12 investors. Key investors include NEAR Protocol, Mercy Corps, Shima Capital, Übermorgen Ventures, and BackBone Ventures.