Thryve.Earth raises $2.6M Series A to scale Natural Climate Solutions
What's the deal? Singapore-based Thryve.Earth has raised $2.6M in a funding round led by Openspace VenturesDealroom has a profile for this one. Try Dealroom →, with participation from existing investor Capital CodeDealroom has a profile for this one. Try Dealroom → and strategic angels. The round brings the startup's total funding to $3.4M.
Founded in 2022, Thryve.Earth builds a cloud-based platform to deliver and manage Natural Climate Solutions (NCS) projects — efforts that use nature conservation and restoration to reduce carbon emissions and regenerate ecosystems.
The company plans to use the funds to develop tech tools for project design, implementation, and risk reduction. It also intends to expand its team and push into new markets in Latin America and Asia.
Why now? Carbon markets are growing as global finance shifts toward a low-carbon economy. "Carbon markets are emerging as an inevitable cornerstone," said Jaclyn Seow, director of ESG at Openspace Ventures.
Thryve.Earth's co-founder and chief executive officer Vinayshankar Kulkarni framed the urgency plainly: "We must go beyond isolated lighthouse projects and scale up our actions dramatically."
What could go wrong? The voluntary carbon market has faced persistent credibility challenges, with questions around the quality and additionality of carbon credits. Scaling NCS projects across multiple geographies also introduces regulatory and operational complexity — particularly for a young startup with modest funding.
The signal: Openspace Ventures, a corporate investor, leading this round underscores growing institutional appetite for climate infrastructure plays beyond pure software. With total funding still a modest $3.4M, Thryve.Earth's expansion into Latin America and Asia signals confidence that demand for tech-enabled NCS project management is outpacing the supply of credible platforms — a gap that could widen as compliance-grade carbon markets tighten quality standards.
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