Bôndy
- Company typePrivate
- Founded2019
- HeadquartersAntananarivo, Madagascar
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Bôndy does
Bôndy is a Madagascar-headquartered social enterprise founded in 2019 that builds nature-based solutions across three integrated pillars: Carbon Solutions (Gold Standard-certified carbon credit projects from mangrove and forest restoration), Value Chain/Filière (sustainable and traceable agricultural supply chains for commodities such as cocoa and vanilla), and Restoration (reforestation and ecosystem restoration with social inclusion components). The company operates a proprietary internal technology platform, ERP Bôndy, for measuring and managing environmental impact, and integrates the Greenstand TREETRACKER application for real-time, GPS- and photo-verified tree monitoring. Bôndy's operational footprint spans 8+ regions of Madagascar, supported by 150 employees, 1,200 partner producers, and 1,500 seasonal workers, with flagship projects including Ma Honko (mangrove restoration targeting 40,000 hectares), Clean Cooking for Madagascar (improved cookstoves to reduce deforestation), and Champs-Écoles field schools for farmer training.
Bôndy generates revenue through four streams: transaction fees on certified carbon credit sales, professional services fees for corporate RSE/CSR environmental projects (e.g., reforestation, biodiversity), professional services for sustainable agricultural supply chain development, and transaction-based tree planting services. The go-to-market is direct enterprise and government field sales, supplemented by event-driven demand generation at international climate forums (COP28, COP29, ChangeNOW). Pricing is custom and project-based under multi-year contracts; no public pricing exists. The company is bootstrapped, explicitly operating without venture capital, and was the first Malagasy company featured in Bloomberg's Top 25 African Startups to Watch 2026. Following founder Max Andonirina Fontaine's January 2024 appointment as Madagascar's Minister of Environment and Sustainable Development, operational leadership rests with co-founders Gabriel Tasso (CEO) and Nelson Maillard.
Bôndy firmographics
Firmographics- Name
- Bôndy
- Legal name
- Bôndy
- Website
- https://bondy.earth
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Where Bôndy is headquartered
LocationHeadquarters
- HQ city
- Antananarivo
- HQ country
- Madagascar
Offices1 record
Markets served
Bôndy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Carbon Credits: High-quality carbon projects certified to internationally recognized standards (Gold Standard). Organizations invest in carbon offset strategies through Bôndy's certified mangrove restoration and reforestation projects.
- RSE/CSR Solutions: Turnkey corporate social responsibility services in environmental and social fields. Companies engage Bôndy for reforestation, biodiversity, and sustainable development projects as part of their CSR commitments.
- Agricultural Supply Chain Services: Expertise in optimizing sourcing through developing and implementing sustainable and inclusive agricultural supply chains with full product traceability. Targets cocoa, vanilla, and other commodity supply chains.
- Tree Planting Services: Direct tree planting and ecosystem restoration services for partners and clients. Includes planting of high value-added trees, fruit trees, and native species.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing for organizations |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Bôndy product offering
Product offeringCore offering
Bôndy is a social enterprise that delivers nature-based solutions through three integrated pillars: (1) Carbon Solutions — investment in Gold Standard-certified carbon credit projects via mangrove restoration and reforestation; (2) Value Chain (Filière) — development of sustainable and inclusive agricultural supply chains with full traceability for crops such as cocoa and vanilla; and (3) Restoration (Restauration) — ecosystem restoration projects that preserve and restore natural capital while promoting social inclusion for local farming communities across Madagascar.
Product overview
Bôndy is a social enterprise offering a platform of nature-based solutions dedicated to natural capital for organizations worldwide. The core offering consists of three interconnected pillars: Carbon Solutions (certified carbon offset projects), Value Chain/Filière (sustainable agricultural supply chain development with full traceability), and Restoration/Restauration (mangrove and reforestation projects with social impact). Supporting these is the ERP Bôndy internal technology platform for impact measurement, and tree tracking via Greenstand TREETRACKER for real-time monitoring. The company runs specialized projects including Ma Honko (mangrove restoration), Clean Cooking for Madagascar (improved stoves), and Champs-Écoles (farmer training). The Cercle Vert partnership program and Bôndy Green Army volunteer initiative complete the ecosystem of offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- Carbon Solutions Carbon credit investment and offsetting service for organizations, delivering high-quality, internationally certified (Gold Standard) carbon credits generated through Bôndy's mangrove restoration and reforestation projects in Madagascar. Targets enterprises with net-zero and Scope-3 carbon strategies.
- Value Chain / Filière Sustainable agricultural supply chain development service that designs and implements traceable, inclusive sourcing for commodities such as cocoa and vanilla. For corporate buyers and brands seeking full product traceability and sustainable sourcing at origin.
- Restoration / Restauration Ecosystem restoration service preserving and restoring natural capital (mangroves, forests) while fostering social inclusion and income-generating activities for local communities. For organizations, foundations, and government bodies aligned with ambitious climate and biodiversity goals.
- Ma Honko Mangrove Restoration Project Large-scale carbon-focused mangrove restoration project in Madagascar targeting 40,000-50,000 hectares across four regions. Generates Gold Standard-certified carbon credits and develops income-generating activities for local communities through sustainable resource use.
- Clean Cooking for Madagascar Improved high-performance cookstove deployment program aimed at reducing deforestation driven by cooking fuel demand and improving health and daily life in Malagasy households. For donors, development partners, and CSR programs.
Quantifiable outcome
- Over 3 million trees planted since 2019
- +3 more outcomes
Companies that use Bôndy
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Bôndy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability3 records
Feature3 records
Bôndy partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and minor.
- FAPBM (Fondation pour les Aires Protégées et la Biodiversité de Madagascar)coreBôndy signed a Memorandum of Understanding with FAPBM and Baobab Bank Madagascar to support local economic initiatives favorable to biodiversity conservation.
- BRED Banque Populaire MadagascarcoreThree-year partnership (March 2023 to March 2026) supporting the Cercle Vert program, marking Bôndy's first structured multi-year collaboration.
- Baobab Bank MadagascarcoreTripartite MOU signed with FAPBM and Bôndy to support economic initiatives that promote biodiversity in Madagascar.
- Société GénéralecorePartnership for reforestation initiatives in Madagascar, contributing to environmental restoration efforts.
- Viseo GroupcoreVehicle provision partnership (Isuzu D-Max) supporting logistics across 8 regions. Planted 8,666 trees on 8.6 hectares, sequestering 57 tonnes CO2 over 5 years, and sensitizing 136 schoolchildren in Andramasina.
- CFAO Mobility MadagascarminorPartnership for carbon neutrality and green island initiatives through reforestation.
- FHORM (Fédération des Hôteliers et Restaurateurs de Madagascar)minorPartnership linking tourism sector development with biodiversity conservation through reforestation.
- Gold StandardcoreCEO Margaret Kim visited Bôndy's mangrove restoration projects. Gold Standard certification for carbon projects.
- GreenstandcoreNon-profit US organization providing tree tracking technology. TREETRACKER app enables real-time monitoring of planted trees via GPS, photos, and planter data.
- MenakaominorPartnership in Diana region for sustainable agriculture, planting 1,300 trees to restore fragile ecosystems and strengthen food security.
- TamànaminorPartnership for sustainable tourism combining agroforestry and mangrove restoration to preserve fragile ecosystems and support local communities.
- ClicodealminorQR code initiative at Antananarivo airport allowing travelers to sponsor mangrove planting. Involves 120 farmer-partners in Majunga area.
- Ravinala AirportsminorCompetition winner enabling Clicodeal partnership for airport-based mangrove planting initiative.
- VahatraminorAssociation working with Bôndy on endemic seed bank project and local species preservation.
- Opti'pousse HaieminorPartner in Varuna Program for native seed bank creation at Analalava.
- VNV Advisory ServicesminorCollaboration on mangrove restoration projects with Gold Standard CEO visit.
- Lohasaha MadagascominorPartnership on bamboo value chain development presented at World Bamboo Day event.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Bôndy competitors and assessment
Company assessmentOthers
- Ecologi: UK-based climate action platform offering subscription-based tree planting and carbon offsetting to individuals and businesses. Comparable go-to-market motion (consumer and enterprise sponsorship of tree planting) and comparable in aggregating small contributions into large restoration projects.
- Greenstand: US-based non-profit providing the open-source TREETRACKER app that Bôndy itself uses for tree monitoring. Direct technology partner to Bôndy; comparable as a tree tracking and transparency infrastructure provider for reforestation projects.
Direct peers
- Komaza: East Africa-based agroforestry company working with smallholder farmers in Kenya to plant commercially viable trees. Closely comparable to Bôndy on the sustainable agricultural supply chain plus tree planting combination and smallholder partnership model.
- Eden Reforestation Projects: One of the largest community-based reforestation organizations globally, employing local workers to plant trees at scale across Africa, Asia, and Latin America. Directly comparable to Bôndy in model (community-employed planting crews, NGO/enterprise hybrid, project-based funding).
- Treedom: Italy-based platform enabling individuals and companies to sponsor tree planting projects globally with remote tree tracking. Comparable business model to Bôndy's Clicodeal QR partnership at Antananarivo airport and similar enterprise sponsorship mechanics.
- WeForest: International reforestation organization funding forest restoration projects with community involvement and corporate sponsors. Highly comparable in combining carbon outcomes, community partnerships, and corporate CSR funding streams similar to Bôndy's Cercle Vert model.
Emerging players
- Pachama: Technology-driven carbon credit marketplace using satellite imagery and ML to verify forest carbon projects. Comparable to Bôndy in marketing high-integrity nature-based carbon credits to enterprise buyers, though with a heavier tech focus and less on-ground project ownership.
- Terraformation: Hawaii-based nature-based solutions company focused on accelerating global reforestation through seed banks, technology, and project finance. Comparable in large-scale restoration ambition and carbon credit focus, but operates globally rather than in a single country.
- Veritree: Vancouver-based nature-based solutions platform combining tree tracking technology, verified reforestation projects, and corporate sustainability partnerships. Directly comparable tech stack to Bôndy's Greenstand TREETRACKER integration and enterprise sustainability focus.
Broad incumbents
- South Pole Group: Global leader in carbon credit development and climate solutions with a portfolio spanning forestry, renewable energy, and community-based projects. Comparable to Bôndy on the carbon credit development and CSR advisory services, but at much larger scale and with broader geographic coverage.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Bôndy social profiles
Digital presenceBôndy compliance and trust
Trust signalCompliance3 records
Bôndy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bôndy leadership team
Management profileNumber of profiles
Profiles4 records
Bôndy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bôndy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bôndy
What does Bôndy do?
Bôndy is a social enterprise that delivers nature-based solutions through three integrated pillars: (1) Carbon Solutions — investment in Gold Standard-certified carbon credit projects via mangrove restoration and reforestation; (2) Value Chain (Filière) — development of sustainable and inclusive agricultural supply chains with full traceability for crops such as cocoa and vanilla; and (3) Restoration (Restauration) — ecosystem restoration projects that preserve and restore natural capital while promoting social inclusion for local farming communities across Madagascar.
Is Bôndy a public or private company?
Bôndy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Bôndy founded?
Bôndy was founded in 2019. It employs 101 to 250 people.
Where is Bôndy based?
Bôndy is headquartered in Antananarivo, Madagascar.
How does Bôndy make money?
Four revenue lines are on record. Carbon Credits are the primary driver. The others are RSE/CSR Solutions, agricultural Supply Chain Services and tree Planting Services.
Who are Bôndy's main competitors?
Others on record are Ecologi and Greenstand. Direct peers are Komaza, Eden Reforestation Projects, Treedom and WeForest. Emerging players are Pachama, Terraformation and Veritree. South Pole Group is listed as a broad incumbent.
Does Bôndy have an API?
No public API is recorded for Bôndy.