Funding

Hula Earth funding news – Munich-based Hula Earth has Secured €1.6 Million in Pre Seed Funding

Nov 14, 2024 | By Kailee Rainse

Hula Earth funding news  - Munich-based Hula Earth has Secured €1.6 Million in Pre Seed Funding

Hula Earth, a startup focused on biodiversity monitoring, has raised €1.6 million in pre-seed funding to expand its automated platform. The funding round was led by Point Nine Capital, with support from Climate Founders, Partners in Clime, WithEarth, and several entrepreneurs including Lawrence Leuschner, Kilian Kaminsky, Florian Hildebrand, and Markus Linder. The European Space Agency (ESA) is also backing the venture.

Florian Geiser, Co-founder and CEO of Hula Earth, explains: Founded to address the critical issue of biodiversity loss—estimated to have decreased wildlife populations by 69% over the last 50 years—Hula Earth provides an innovative solution to help industries monitor their impact on nature. As More than half of the global GDP is dependent on nature. Only by monitoring its condition with real data captured onsite and working towards a future-proof state can we ensure access to ecosystem services as well as food and medicine security for future generations.”

Hula Earth's platform has two main parts: smart sensors called BioT devices and satellite data. The BioT sensors automatically collect environmental data and sound recordings, and can identify over 6,000 species. By combining this data with satellite images, the platform gives companies valuable insights to:

  • Track their environmental impact
  • Improve how they manage biodiversity and reduce risks
  • Make better sustainability decisions based on real-time information

Pawel from Point Nine Capital expressed confidence in the technology, stating: “Biodiversity loss is one of the defining challenges of our generation. We are convinced that technology can help organizations measure and manage their impact on biodiversity, but scalable solutions have been missing. Hula’s approach, combining hardware and software technologies in one integrated biodiversity monitoring platform, impressed us. We are excited to be backing the team behind Hula on their important mission.”

Florian pointed out that more companies are focusing on using land in ways that benefit biodiversity, especially with new reporting requirements coming into play. “The need for primary data is growing quickly,” he said.

With this funding, Hula Earth plans to improve its platform, which launched earlier this year, to help industries like food production, cosmetics, and infrastructure become more nature-friendly.

Read also - Klim funding news – Berlin-based Klim Secures $22 Million in Series A Round Funding

About Hula Earth

Hula Earth monitors natural ecosystems and provides detailed data on biodiversity health. By combining satellite data with their own IoT sensors and AI, they can capture sounds, detect scents, measure temperature and humidity, and visually record the life around them.

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