Amsterdam-based climate tech startup Overstory secures $14M series A round funding. led by B Capital and welcoming The Nature Conservancy to our collective of climate-minded investors.
The raise includes additional investment from Convective Capital, Semapa Next, Bentley iTwin Ventures, Pale Blue Dot, CapitalT, Moxxie Ventures, and Overwater Ventures.
They will use the investment to supercharge the growth and impact of their leading vegetation intelligence platform and team, as they continue to help utility partners more safely and reliably deliver power.
They take pride in our ever-expanding community of investors, teammates, and customers who are committed to mitigating wildfires and the climate crisis, protecting and restoring natural resources, and using innovative technology to operate efficiently and effectively.
They face a changing climate every day. Wildfires are all too frequent and tragic, destroying forests and homes, and generating damaging air pollution and carbon release.
Extreme weather and power outages are taxing, if not deadly. Climate change and aging infrastructure place increasing pressure on the power grid and utility teams, who work tirelessly to prevent outages and wildfires, and do so in the face of shrinking budgets and labor shortages.
Overstory is on a mission. knowing every square meter of Earth. There is a strain on the planet. For better resource-related decision-making, data-driven information is needed. Overstory develops insights about the amount and quality of forests and other natural resources by using machine learning to satellite data.