How it WorksMRVProjectsTeamInvestors
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

Sovereign Land makes degraded land bankable — for any owner.

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

See How It WorksOur ProjectsFor Investors
The Problem

The world’s most expensive infrastructure gap.

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.

🔥

$7B

Hermits Peak
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.

💧

3–10×

Treatment cost spike
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.

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5,000+

Emptying municipalities
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.

5B ha

of degraded land worldwide

$44T

in lost ecosystem services per year

3.3M ha

burned in Iberia since 2006

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

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

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Sovereign & public land

State commissions, municipal governments, crown land agencies

🌾

Private agricultural land

Ranches, farms, estates with degraded acreage

🏢

Institutional land

Timber companies, REITs, investment managers

🤝

Community & indigenous custodial land

Land that can't be sold but can be made productive

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.

Step 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.

Step 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.

Step 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.

Five finance-grade outputs from the BioRegen Index

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?
BioRegen Index radar chart showing 10 ecological indicators across 4 components

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.

Projects

Two deployments. Two ownership types. One system.

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

New Mexico landscape — Sangre de Cristo mountains and eastern plains
🇺🇸 New Mexico — Public Land
Turning wildfire liability into productive infrastructure.
Acres
35,000
across two operational nodes
Funding pathway
~€38M
Industrial Revenue Bond
Target revenue
~€870/ha/yr
five stacked output streams
SWF partner
$45B AUM
NM Sovereign Wealth Fund

The Hermits Peak fire cost $7 billion. The probability of a comparable wildfire in New Mexico’s most threatened firesheds — including Santa Fe — is effectively 100% within the next decade. Post-fire, the land doesn’t recover. It re-burns.

Two operational nodes turn this liability into productive infrastructure. In the north, fire-damaged timber becomes biochar — a soil amendment that holds water, filters contaminants, and sequesters carbon. In the south, cattle manure becomes fertiliser, energy, and soil restoration through rapid anaerobic digestion and composting. Together, they create a self-hedging system: when one output faces volatility, the others compensate.

Municipal water utilities are already absorbing the cost of contaminated watersheds. Performance contracts — where the buyer pays a percentage of verified savings — align incentives without upfront cost to the municipality.

State trust land managed by NM State Land Commission · 3.6M hectare portfolio

“I’ve spent 30 years working to develop New Mexico’s rural economy. The technologies are proven. The operators are ready. The buyers are real. What nobody built until now was the financial bridge to get from degraded to productive — that’s what Sovereign Land does.”

Terry Harris — NM Project Coordinator
Iberian landscape — burned hillside with abandoned stone village
🇪🇸 Iberia — Private & Municipal Land
Restoring Europe’s emptied heartland.
Pilot scale
500 ha
phased expansion
Target revenue
€800–1,100/ha/yr
Paulownia agroforestry
Anchor buyer
Moeve
industrial biomass, biochar
Finance path
Santander + EU
project + public finance

Spain and Portugal have burned over 3.3 million hectares since 2006 — more than any other region in Europe. The 2025 fire season alone cost over €8 billion. Across the Iberian interior, 320,000 km² of land — la España Vaciada, the emptied Spain — has been abandoned. 3,400 towns are at risk of disappearing. Unmanaged vegetation on depopulated land is the primary driver of catastrophic fire.

Sovereign Land’s Iberia pilot deploys the same core infrastructure — LandStack, Transition Facility, multi-output self-hedging — on a fundamentally different ownership pattern: fragmented private and municipal land where no one entity can finance the transition. Paulownia agroforestry restores the land, creates rural employment, and produces dedicated biomass for industrial offtake — while reducing fire risk from year one.

Abandoned private agricultural land — title stays with current owner throughout

“Three hundred thousand square kilometres of land sit abandoned across the Iberian Peninsula — burning, eroding, producing nothing. The owners can’t finance the transition. The municipalities can’t either. The infrastructure Sovereign Land builds changes that equation entirely.”

Victor Garlington — Iberia SPV Lead
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.

Gon Zifroni — Founder & CEO
Gon Zifroni
Paris

Founder & CEO

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

Terry Harris — NM Project Coordinator
Terry Harris
New Mexico

NM Project Coordinator

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

Victor Garlington — Iberia SPV Lead
Victor Garlington
Iberia

Iberia SPV Lead

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

Fifth World (Rob Avis) — MRV Methodology
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.

Antonie.ai — Soil Analytics
Antonie.ai

Soil Analytics

Scalable biological signal capture.

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

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 (France)

You invest at the platform and standard-setting layer — not in land assets. The infrastructure that makes every downstream deployment possible.

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

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 + Iberia private/municipal land

NM benchmark

€2.1M

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-hectare platform fees

Recurring (€4.15/ha/mo → ≤€2.10/ha/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

IRB 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.

Ready to learn more?

Sovereign Land SAS · Paris, France

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