Mangrove Systems

About Mangrove Systems

Mangrove Systems operates as a specialized software provider for the carbon management industry, offering a digital Measurement, Reporting, and Verification (dMRV) platform. The company was launched in 2022 by co-founder and CEO Brandon Vlaar. Vlaar, a self-taught software developer with a business degree from Ivey Business School, previously co-founded Lending Loop, Canada's first peer-to-peer lending marketplace for businesses. His experience in developing financial technology and emissions modeling software for other businesses directly informed the creation of Mangrove Systems, which he started after identifying a critical need for robust inventory and sales management tools within the carbon removal market.

The firm's core business revolves around its Mangrove Nexus platform, a software solution designed to serve as a comprehensive operating system for carbon credit suppliers. The platform targets project developers in the Carbon Dioxide Removal (CDR) and Carbon Capture and Storage (CCS) sectors. It provides the infrastructure to accurately track and manage the entire lifecycle of a carbon credit, from forecasting future deliveries to managing the final sale and ensuring compliance with various tax and regulatory regimes. Revenue is generated through providing access to this software platform, which helps clients build trust and transparency in their operations.

The Mangrove Nexus platform functions by ingesting and centralizing operational data from various points in a carbon project's value chain, including on-site sensors, SCADA systems, and manual uploads. This data is then fed into a digital model that mirrors the physical operations, allowing for detailed analysis and visualization. A key feature is the creation of a carbon ledger that performs end-to-end accounting for each unit of CO2, generating a compliant audit trail for external reporting to registries and stakeholders. This system streamlines the process for project developers to get their carbon removal credits verified and issued, with clients including major industry players like Summit Carbon Solutions, CarbonRun, and Pacific Biochar.

The platform supports a wide array of carbon removal pathways, including bio-energy with carbon capture and storage (BECCS), Direct Air Capture (DAC), biochar, and river alkalinity enhancement. By providing a single source of truth for operational data, Mangrove Systems enables its clients to confidently engage with voluntary carbon markets, meet offtake obligations, and optimize revenue while adhering to the rigorous standards of verification bodies like Puro.earth, Gold Standard, and Climate Action Reserve.