What We DoProjectsCompanyInvestors
LandStack
“The land knows how to recover. What’s missing is the financial infrastructure to fund the first five years.”

Charles Curtin — Landscape Ecologist & Northern NM Operations Lead

Land transitions.
Underwritten as security.

We build the financial, legal, and monitoring infrastructure that turns degraded and abandoned land into investable, productive systems — without buying a single hectare.

What We DoOur ProjectsFor Investors
The Problem

The world’s most expensive infrastructure gap.

$44T

in lost ecosystem services per year

5B ha

of degraded land worldwide

3.3M ha

burned in Iberia since 2006

Five billion hectares of land are degraded worldwide. That’s $44 trillion a year in lost ecosystem services. Governments own some of it. Ranchers, farmers, timber companies, and municipalities own the rest. The capital to restore it exists. It just can’t get there.

Wildfire

The Hermits Peak fire cost $7 billion. Spain's 2025 season: €8 billion. These aren't projections — they're line items in state budgets today.

$7B

Hermits Peak

Water

Municipal water treatment costs spike 3–10× after fire. Half of Spain's territory is under severe water stress. The Ogallala Aquifer's 50-year viability is in question.

3–10×

Treatment cost spike

Rural Collapse

Degraded land means fewer jobs, a shrinking tax base, and less capacity to respond to the next crisis. In Spain, 5,000+ municipalities across 320,000 km² are emptying out. Abandoned land becomes fuel.

5,000+

Emptying municipalities

The technologies to fix this are proven. The buyers exist. The money is waiting. The bottleneck is structural: no one can finance the transition.

Projects

Two deployments. Two ownership types. One system.

New Mexico proves the model on public land. Spain proves it on abandoned private land. Together, they validate across the two most common patterns of degraded-land ownership worldwide.

Northern New Mexico — forest landscape in the project area
New MexicoPublic land · State trust

Turning wildfire liability into productive infrastructure.

35,000

acres

~$45M

Industrial Revenue Bond pathway

~$420

Per acre yearly revenue

$64B

Sovereign Wealth Fund partner AUM
Full project details
Spanish landscape — Paulownia agroforestry in la España Vaciada
SpainPrivate & municipal land

Restoring Europe's emptied heartland.

500 ha

pilot scale

€800–1,100

Per hectare yearly revenue

Biochar plant

anchor buyer

Global bank + EU

finance path
All projects
What We Do

We build the infrastructure that makes the transition bankable.

Land doesn’t have a technology problem. It has a financial infrastructure problem. Three groups need each other — operators who know the land, investors with capital mandates, and buyers who want cleaner, cheaper inputs — but the system gives them no way to transact.

Sovereign Land is the connective tissue.

What we don't do
What we do
The result
What we don’t do

We don't buy land

What we do

We structure the financial, legal, and operational architecture around it

The result

Land ownership stays with whoever holds title today — always

What we don’t do

We don't speculate on land values

What we do

We design multi-output systems that self-hedge against volatility

The result

Five revenue streams instead of one fragile bet

What we don’t do

We don't rely on carbon credits

What we do

We connect field data to contract triggers through our platform, LandStack

The result

Investors get the rigour their committees require

The qualifier is land condition — not title.

We serve any owner who can’t finance the transition alone.

We work with all ownership types
Sovereign & public land

State commissions and public agencies sitting on degraded land that generates no revenue and attracts no private interest. We convert the liability into a structured, revenue-generating system — without privatisation, without selling the asset.

Private agricultural land

Ranches and farms where degraded acreage has been written off — too costly to restore, impossible to finance alone. We unlock the capital to make the transition, while the landowner retains full title and begins receiving income from year one.

Institutional land

Timber companies, REITs, and investment managers with stranded land on the books. ESG mandates, no clear path. We convert degraded holdings into measurable, reportable, productive assets — no divestment required.

Community & indigenous custodial land

Territories that cannot be sold but deserve productive futures. Our structure works with non-title custodianship — delivering real economic outcomes without threatening the rights that define the land.

MRV: Measurement, Reporting & Verification

You can’t underwrite what you can’t measure. We solved that.

“Investors don’t need to become soil scientists. They need data in the language their committees already use — volatility scores, downside risk buffers, asset appreciation trajectories. That’s exactly what our MRV produces.”

Gon Zifroni — Founder & CEO

The reason degraded land stays unfunded isn’t a lack of intent. It’s that no one can prove — to the standard institutional capital requires — that the transition is working. We close that gap with finance-grade MRV built into every engagement from day one.

1

We measure what matters

Our MRV backbone — the BioRegen Index, developed and field-proven across 1,257 hectares and 8 farms in Argentina — captures 10 ecological indicators across 4 components. Satellite data, ground-truth field audits, and independent verification. Not academic research. Deployable, repeatable, scalable.

2

We translate ecology into finance

Raw biological data becomes underwriting intelligence. These aren't scientific curiosities. They're the signals a bond advisor, a sovereign wealth fund, or a project finance team needs to say yes.

3

Early signals make the transition bankable

This is the critical insight: you don't need to wait five years for stabilised performance to unlock capital. MRV data in the first 6–12 months produces trend lines, volatility narrowing, and measurable improvement signals that give investors confidence to commit. The Transition Facility absorbs the remaining uncertainty — and as data improves, buffers release.

Early MRV doesn't just verify progress. It is the bankability event.

BioRegen Index — 10 ecological indicators across 4 components. Field-proven: 1,257 ha, 8 farms in Argentina.

Finance-grade outputs from day one.

Raw ecological data doesn’t move capital. We translate it into the signals investors actually use to make decisions.

Five finance-grade outputs

01

Biological Asset Quality

Is the land's productive base intact?

02

Resilience Score

Can it absorb shocks?

03

Stability / Volatility Proxy

How predictable are the outputs?

04

Downside Risk Buffer

What's the loss-mitigation capacity?

05

Asset Appreciation Trajectory

Is value compounding over time?

Every project we touch generates a proprietary dataset that makes the next one easier to underwrite. This compounds.

No competitor will have this data — because no one else structures projects this way.

How the System Works

Five conditions for bankable land. We deliver all five.

Most initiatives solve one. We solve all five — as one integrated system that adapts to the landowner.

01

Defined Performance

Physical, measurable outcomes over time: food, water, energy, risk reduction.

02

Contractualisation

Long-duration agreements that fit the legal structure — state trust, private title, custodial, lease.

03

Risk Allocation

Land ownership separated from delivery risk separated from capital risk.

04

Capital Stack Compatibility

Grants, concessional, and senior capital layer without breaking governance.

05

Operating Governance

One entity orchestrates delivery, compliance, and reporting for decades.

This is an operating system, not a product.

And it fits the landowner — not the other way around.

The platform that powers every engagement

LandStack — field data in. Underwriting signals out.
landstack.com
Team

Small. Senior. Built for this problem.

Each person brings a specific capability the system requires. No generalists.

GZ
Gon Zifroni
Paris

Founder & CEO

Technology, energy, construction. Ex-Autodesk/VMware. Building LandStack.

TH
Terry Harris
New Mexico

NM Project Coordinator

30+ years rural development, financial structuring, political pathway.

VG
Victor Garlington
Spain

Spain SPV Lead

Paulownia IP, industrial relationships, steel/energy buyer engagement.

FW
Fifth World (Rob Avis)
Argentina

MRV Methodology

BioRegen Index. Proven: 1,257 ha / 8 farms, Argentina. LandScope Terrain Analysis API + channel partnership. Active product, paying customers.

Hiring with this raise

Three senior hires to execute the system.

Head of Structuring

Legal & financial architecture

CTO

LandStack platform development

Head of Origination

Sovereign + private landowner relationships

Join us

We are building an institution. If you belong here, you will know it.

Meet the team
Investors

Invest in the infrastructure layer — not a land fund.

“The first platform to solve system-level bankability for degraded land — across ownership types, jurisdictions, and financing frameworks — defines the category.”

Sovereign Land SAS

Paris, France · Infrastructure layer

Nature’s productivity already generates enormous value — cleaner water, lower fire risk, stable energy, healthy soil. The only thing missing is the financial structure. That’s what we build.

Why this is different from what you’ve seen

Not conservation

We don't require ownership

Not carbon credits

Multi-output self-hedging is the opposite of single-output fragility

Not land private equity

We never buy land

Not farm software

We connect to capital markets, not just fields

Not a fund

Pure operating leverage, no balance-sheet risk

The opportunity

$44 trillion/year in degraded ecosystem services globally (UNCCD)

5 billion hectares of degraded land — most already owned by someone who can't finance the transition

No dominant operating standard exists for making degraded land bankable

10–20 year operating agreements with extreme switching costs = deep moat

Compounding data advantage — every quarter of deployment makes the next project easier to underwrite

NM benchmark

$2.5M

base fees over 3 years from the first pilot alone

Business model — no fees linked to capital raised
Revenue stream
Type

Program design & structuring

Upfront fee

LandStack deployment

Upfront fee

Operations, MRV & reporting

Recurring (36+ months)

Per-acre platform fees

Recurring ($2.00/acre/mo to ≤$1.00/acre/mo at maturity)

Performance milestone fees

Milestone-triggered

Module expansion

$250K per 10,000 ha added

Pure operating leverage. No balance-sheet risk.
Milestones — gated: nothing advances without prior validation

LandStack MVP deployed (NM data flows)

Q2 2026

Head of Structuring hired

Q2 2026

First municipal LOI signed (NM)

Q3 2026

Bond submission to NMSIC

Q4 2026

First paid engagement

Q4 2026

Industrial Revenue Bond issued, capital deployed

H1 2027

First stabilised revenue data

H2 2027

Fail-safe

If NM doesn’t reach bond submission within 12 months, we pivot to smaller paid engagements — bankability assessments for private landowners, MRV scoping for timber companies — while preserving methodology IP and platform.

Use of proceeds

Team — three senior hires (Structuring, CTO, Origination)

LandStack — development, deployment, first data flows

MRV & reporting systems — field-grade to finance-grade translation

Bankability frameworks & legal architecture

Origination — NM public land + Spain private/municipal land

Ready to learn more?

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