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San José, Costa Rica — August 31, 2026 — Forests VC, a natural capital and agricultural asset management firm, has launched a deal-by-deal investment and development platform focused on agricultural and forestry estates, with Finca Raíz de Oro in Guanacaste serving as its flagship Costa Rican development.
The company officially launched Forests VC on August 27, 2026, presenting its approach alongside a discussion on “Cocobolo: challenges and opportunities behind a threatened species.” The company’s stated objective is to develop agricultural and forestry assets by combining land management, agroforestry, technology, infrastructure and capital.
Finca Raíz de Oro comprises 184.7 hectares (456.5 acres) in Guanacaste. According to Forests VC’s current project information, the estate has an 85-liter-per-second water concession and a 600,000-liter water reservoir. Its current land-use plan allocates 100 hectares to high-value tropical hardwood agroforestry, 40 hectares to agriculture, 24 hectares to a commercial orchard, and 24.7 hectares to forest reserve, water protection and infrastructure. Forests VC reports that 6 hectares of the planned 24-hectare commercial orchard are currently planted.
The company describes its development philosophy as “farm renovation”: evaluating agricultural properties not only according to their existing use, but also according to whether complementary productive systems can improve their long-term resilience and economics.
“Our question extends beyond what the land is worth today,” says Costa Rican businessman and business partner Marco Zúñiga. “It’s what the land could become.”
Forests VC intends to apply its FINCA Framework to the evaluation and development of suitable properties. The methodology covers acquisition, design, growth, measurement, optimization and the connection of natural assets with capital.
At Raíz de Oro, the company’s published land-use plan combines commercial agriculture, agroforestry, tropical hardwoods, forest reserve and water-related infrastructure. Forests VC says its approach is designed to evaluate how these components can operate as complementary systems rather than treating the property as a single-use agricultural asset.
Agronomist Adrián Vargas, Forests VC’s Head of Asset Management, focuses on agricultural systems, irrigation, crop efficiency and logistics.
“A productive farm is a system,” Vargas says. “What you grow matters, but so do water, efficiency, timing and how you get what you produce to market. Improving those pieces can change the economics of the whole property.”
Technology is also part of the company’s planned asset-management process. Forests VC says it intends to use remote sensing, ground-level monitoring and digital tools to track forestry, agriculture and property-level changes.
The company’s investment structure is designed on a deal-by-deal basis rather than through a blind pool. Forests VC’s website states that each estate is placed in its own special-purpose vehicle, with investors subscribing to individual SPVs. The company says its process includes legal, technical, environmental and financial due diligence, internal investment approval, a deal memorandum, syndication and one or more capital closings.
Forests VC also states that each SPV is subject to separate reporting, with quarterly reporting covering NAV, financials, ESG KPIs and material events, and annual external audits. The firm’s website says investment opportunities are intended for qualified investors, family offices and institutions.
The launch comes as Costa Rica continues to develop financial and measurement mechanisms for sustainable land use and natural capital. In July 2026, the Food and Agriculture Organization of the United Nations reported that Costa Rica had received 1.1 million TREES Credits for reforestation and forest restoration, describing the development as a milestone for restoration finance and emphasizing the importance of transparent measurement, reporting and verification.
FAO is also supporting projects in Costa Rica that combine sustainable agriculture with nature-positive practices, including silvopastoral systems, improved grazing, water and soil management, forest and wetland restoration, digital monitoring and improved access to finance.
“These developments reinforce the importance of building natural assets that can be measured and managed with the same discipline applied to other real assets,” says Ronny Castillo, President and Managing Partner of Forests VC.
Castillo began his career in conventional finance before moving into regenerative finance and natural capital. Forests VC’s current corporate structure brings together investment, agroforestry, engineering, technology, ESG and legal expertise.
The company has not publicly disclosed a total investment amount for Finca Raíz de Oro in the materials reviewed for this announcement. Instead, Forests VC describes its model as a property-by-property structure in which capital commitments are made at the individual SPV level.
For Forests VC, the Raíz de Oro development represents an initial application of its broader approach: identify productive potential, evaluate the underlying natural and physical assets, develop complementary uses where appropriate, measure performance and structure access to capital.
The company says its longer-term objective is to apply the same framework to additional agricultural and forestry estates.
About Forests VC
Forests VC is an asset management firm specializing in agricultural and forestry estates through special-purpose vehicles under a deal-by-deal model. The company combines investment management, agroforestry, agriculture, engineering, technology, ESG and compliance capabilities in the development and management of natural assets.
Media Contact:
Forests VC
Email: info@forests.vc
Website: https://forests.vc/en
Boulevard Freses,Curridabat, San José, Costa Rica 11802
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