/Companies

Open Forest

Zug, Canton Zug · Founded 2021 · Switzerland LLC · 7 known investors

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Open Forest Protocol builds data-backed financing and monitoring mechanisms for nature-based climate solutions, working with afforestation and reforestation projects tied to the voluntary carbon market. It collaborates with reforestation initiatives across 20 countries.

Founders & leadership

Open Forest was founded in 2021 by Frederic Fournier and Michael David Kelly.

FFFrederic Fournier
Frederic FournierCEO and Co-founderFrederic Fournier is CEO and co-founder of Open Forest Protocol, which builds measurement and financing systems for forestation projects in the voluntary carbon market. He has over 20 years of experience in environmental engineering, geology, and hydrogeology, and co-founded ON A MISSION, a non-profit supporting reforestation investments.
MD
Michael David KellyCo-founder
OD
Olha DykaExecutive
AN
Aureline Natacha GrangeExecutive

Board

JD
Jeremy Daniel EpsteinBoard director

Investors · 7

Reported raises · per SEC filings

Form D private placements

$166.3K disclosed across 1 of 2 rounds · 2022–2023

▶Undisclosed amountofferedFeb 2023 · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Olha DykaExecutive Officer
  • Aureline Natacha GrangeExecutive Officer
  • Jeremy Daniel EpsteinDirector
  • Frederic FournierExecutive Officer
  • Michael David KellyExecutive Officer
Minimum investment
$50K
Proceeds to insiders
$2.5M
Incorporated
Limited Liability Company, Switzerland, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$166.3KraisedJun 2022 · 2 investors · Other Technology
Rule 506(c)
Officers, directors & promoters on the filing
  • Frederic FournierExecutive Officer
  • Olha DykaExecutive Officer
  • Aureline Natacha GrangeExecutive Officer
  • Michael David KellyExecutive Officer
  • Jeremy Daniel EpsteinDirector
Offering amount
$7M
Amount sold
$166.3K
Minimum investment
$66.3K
Proceeds to insiders
$842K
First sale
May 2022
Incorporated
Limited Liability Company, Switzerland, 2021
Federal exemptions
06c
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Frequently asked questions

What does Open Forest do?
Open Forest Protocol builds data-backed financing and monitoring mechanisms for nature-based climate solutions, working with afforestation and reforestation projects tied to the voluntary carbon market. It collaborates with reforestation initiatives across 20 countries.
Who founded Open Forest?
Open Forest was founded by Frederic Fournier, Michael David Kelly in 2021.
Who are Open Forest's investors?
Open Forest's investors include Capria Ventures, Mercy Corps Ventures, Valor Capital Group, Big Brain Holdings, Not Boring Capital, Shima Capital, Übermorgen Ventures.
How much funding has Open Forest raised?
Open Forest has disclosed $166.3K raised across 1 of its 2 known rounds.
Where is Open Forest headquartered?
Open Forest is headquartered in Zug, Canton Zug.