Dendra funding news – ClimateTech Startup Dendra Systems Raises $15.76Million in Series B Round Funding
May 9, 2024 | By Team SR
Oxford-based Dendra Systems, a leader in technology-driven ecological restoration, raises $15.76million in series B round funding to accelerate its mission of advancing global ecosystem restoration efforts.
SUMMARY
- Dendra Systems, a climatetech startup was Founded in 2014 and based in Oxford secures $15.76million in series B round funding.
- This round funding is use to accelerate its mission of advancing global ecosystem restoration efforts.
The round was led by climate tech investor, Zouk Capital, with significant participation from new investor Aramco Ventures and existing investor Airbus Ventures. Additional contributions came from existing investor Understorey Capital and several new investors including Helium-3 Ventures.
Founded in 2014 and based in Oxford, Dendra Systems employs 87 dedicated professionals across the UK, Australia, UAE, and US. The company provides an end-to-end RestorationOSTM solution to restore nature, powered by high-resolution data capture and drone-based seeding, and a comprehensive AI-enabled ecosystem insights platform.
Dendra’s innovative approach is able to achieve targeted, rapid deployment of restoration efforts at scale, in addition to ongoing monitoring, management and reporting for the duration of multi-year projects.
RECOMMENDED FOR YOU
[Funding alert] Odense-based Bioindustrial Startup Bioomix Secures €6.3 Mn Fresh Funding
Startuprise
Oct 30, 2023
Dendra is applying its market-leading RestorationOSTM technology and ecological expertise to enabling customers such as Rio Tinto, Glencore, Liontown, BHP, and the Environment Agency – Abu Dhabi (EAD), in achieving their environmental objectives.
Read also - Axmed funding news – Healthtech Marketplace Axmed Secures $2 Million in Seed Funding
Currently managing over 70,000 hectares, Dendra is setting new standards in nature restoration, with demonstrated capabilities in mining, infrastructure, mangrove and arid ecosystem restoration.
The fresh injection of capital will be directed towards Dendra Systems’ expansion into new geographical markets and the continuous enhancement of its pioneering AI-enabled ecology platform.
These efforts aim to address the urgent need for large scale and efficient restoration solutions in the face of escalating environmental challenges within the mining sector and other industries critical to the energy transition.
Dr Susan Graham, CEO Dendra Systems: “We are immensely proud of securing the support of these experienced and supportive investors as we embark on this next phase of growth. This funding will enable us to bring our AI-driven restoration solutions to more ecosystems around the world, helping to reverse biodiversity loss and mitigate the effects of climate change. Our RestorationOSTM technology and approach represent a game-changing opportunity for environmental monitoring and restoration, and we are excited to be able to double down on our efforts to empower environmental teams to reverse these global trends.”
John Higelin, Partner Zouk Capital: “The drive to revitalise our planet’s ecosystems is among the most pressing challenges of our era. As the global community strives towards environmental sustainability, Dendra Systems is tackling the critical task of ecosystem monitoring and restoration head-on and at scale. Zouk Capital is delighted to lead this Series B round, supporting Dendra’s mission to expand their impact globally. ”
Bruce Niven, Executive MD, Strategic Venturing, Aramco Ventures: “We are excited about the potential of Dendra Systems’ technology to make a huge impact on biodiversity by restoring ecosystems, thus contributing to increasing plant species richness and habitat restoration, as well as its impact on forestry and mangroves plantation management, which is a key enabler for scaling nature-based solutions”.
About Dendra Systems
The industry leader in biodiverse ecosystem restoration is Dendra, an environmental technology business. The process involves merging high-resolution photography obtained from a distance with field ecology.
The resulting data is processed using artificial intelligence and stored on the Dendra data platform. In addition to fulfilling the demands for carbon monitoring and biodiversity, the derived insights enable world-class restoration outcomes through aerial seeding and management tools.