UBS and Swiss Re Invest Over US$2 Million to Kickstart New Partnership With Terratai

image Credit: Terratai

Asia-focused venture builder Terratai, dedicated to driving investment into scalable nature-based companies, announced a substantial new partnership with UBS Optimus Foundation and SwissRe Foundation, backed by initial funding of over US$2 million to launch programs in Indonesia, with the potential to expand to South East Asia in future years.

Terratai is Asia’s first venture builder for nature, focused on small businesses delivering nature-based solutions (NBS).

Initially incubated by RS Group, a family office founded with the mission to bridge the gap in early-stage capital for nature-based ventures, Terratai supports and scales impactful initiatives that address systemic challenges in the food system and environmental conservation.

The organisation offers impact-orientated businesses support by providing financial solutions, NBS technical expertise and business development.

The support of UBS Optimus Foundation and Swiss Re Foundation will be targeted towards building and scaling Terratai’s first cohort of early-stage businesses that can demonstrate quantifiable impact on nature and biodiversity, and that will deliver impact across a range of rigorously applied metrics.

These include carbon mitigation and emissions avoidance, biodiversity protection and species management, habitat protection and restoration, and ecosystem service enhancement.

Maya Ziswiler, CEO of UBS Optimus Foundation said: “Our new partnership with Terratai to protect biodiversity and the livelihoods of local communities in Indonesia, and over time across South-East Asia, is a perfect example of how we at UBS Optimus Foundation incubate impact ventures, make them investable and scalable, while ensuring that they achieve positive outcomes for climate, biodiversity and local communities.”

Matt Leggett, CEO and Founder of Terratai added: “The partnership between Terratai, UBS Optimus Foundation and Swiss Re Foundation demonstrates a collective commitment to re-think the way capital can be deployed towards nature-based solutions and is a vital step in closing the global US$800 billion finance gap needed to protect and restore nature annually.”

ASEAN estimates suggest that its population is set to grow to 770 million by 2040, placing further pressure on marine and terrestrial ecosystems for food production. At current trajectories, South-East Asia could lose an additional 70% of its natural habitat and 40% of its existing species by 2100 unless action is taken.