# NCX: Environmental services, San Francisco, United States

> NCX: NCX (Natural Capital Exchange) is a forest carbon marketplace based in San Francisco, California. Based in San Francisco, United States. Founded 2010.

Source: https://millionrounds.com/startup/ncx (Millionrounds; every figure on the page links to its filing or article)

United States · [Environmental services startup](https://millionrounds.com/companies)

# NCX

NCX (Natural Capital Exchange) is a forest carbon marketplace based in San Francisco, California.

Funding reported Last round: Series B

Environmental services San Francisco, United States

Company summary

- **Founded:** 2010 16 years old
- **Team:** 75 51 to 200 people
- **Funding reported:** $79M in dollars
- **Last round:** Series B Mar 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for NCX has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About NCX

NCX (Natural Capital Exchange) is a forest carbon marketplace based in San Francisco, California.

Founded in 2010, the company connects corporations with family and institutional forest owners to facilitate climate action through carbon markets. NCX measures American forests annually using advanced technologies to generate verifiable carbon credits. The company operates a B2B marketplace that issues carbon credits from sustainable forest stewardship projects, helping businesses achieve their net-zero goals. NCX also provides a data and analytics platform that offers landowners tools for informed land management decisions. Additionally, it offers subscription-based software, consulting services, and support for both forest owners and buyers in the carbon market. NCX aims to democratize access to carbon markets, enabling small-scale landowners to participate alongside larger institutional managers.

## What company datasets say NCX raised

Funding, as reported

Reported in all **$79M** in dollars

Rounds **5**

Last round **Series B**

Last round size **$50M**

Last round date **Mar 2022**

Investors listed **20**

## The company, in detail

What they build

Known for

carbon project development market assessment tools natural resource valuation enterprises other scientific and technical consulting services environmental stewardship landowner education harvest deferral carbon credits forest measurement technology forest conservation information technology & services forest inventory timber harvesting natural capital valuation financial services

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- **Sector:** Environmental services
- **Industry code:** NAICS 54169, 54162, 51929
- **Region:** California
- **Revenue:** $5.0M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/ncx)

## Environmental services in United States

Startups like it

- [**Sedron Technologies** Sedro-Woolley · founded 2014 *Raised*](https://millionrounds.com/company/sedron-technologies)
- [**Terradot** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/terradot)
- [**Endurance Energy** Seattle · founded 2025 *Raised*](https://millionrounds.com/company/endurance-energy)
- [**Vaulted Deep** Houston · founded 2023 *Raised*](https://millionrounds.com/company/vaulted-deep)
- [**CurbWaste** New York · founded 2017 *Raised*](https://millionrounds.com/company/curbwaste)
- [**CREW Carbon** Hamden *Raised*](https://millionrounds.com/company/crew-carbon)
- [**Mast Reforestation** Seattle · founded 2016 *Raised*](https://millionrounds.com/company/mast-reforestation)
- [**Cannalysis** Santa Ana · founded 2015 *Raised*](https://millionrounds.com/company/cannalysis)

## Is this your company?

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