Releaf Earth, a Nigerian climate technology startup and Y Combinator (YC W19) alum, has secured its first carbon removal credit customer through Milkywire’s Climate Transformation Fund.
The Fund, backed by major supporters including Klarna ($25 million), Salesforce ($5 million), and Spotify ($5 million), selected Releaf Earth from a pool of 280 evaluated projects. Only 18 projects, about 6%, were ultimately chosen.
The milestone comes just one month after Releaf Earth began its carbon removal operations. According to the company, Milkywire described its proposal as among the “most promising and catalytic,” recognizing the startup’s early impact and potential to scale.
“This is a huge milestone, and a testament to the hard work and dedication of our team,” Releaf Earth stated in an announcement.
The purchase will help Releaf Earth expand its carbon dioxide removal efforts in Nigeria and support other food processors in adopting biochar production — a model the company has been developing over the past six months.
Releaf Earth says it plans to share further updates as it accelerates efforts to push the boundaries of carbon removal across the region.
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The purchase will help Releaf Earth expand its carbon dioxide removal efforts in Nigeria and support other food processors in adopting biochar production—a model the company has been developing over the past six months.
Industry observers note that Releaf Earth’s early success demonstrates the potential for African startups to play a leading role in global carbon markets. The company plans to grow its operations, scale its technology platform, and collaborate with partners to deliver measurable climate impact.
Releaf Earth says it plans to share further updates as it accelerates efforts to push the boundaries of carbon removal across the region.
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