Treefera Raises $12m Series A Funding for AI-platform Bringing Transparency to Nature Data
Apr 26, 2024 | By Startuprise
Treefera, the AI-enabled data management platform focused on bringing transparency and accuracy to nature-based asset reporting - such as carbon credits and supply chain sustainability - today announced a $12m Series A raise, led by AlbionVC. This raise comes just seven months after the announcement of the company’s $2.2m pre-seed.
With this funding, Treefera aims to enhance its platform capabilities, expand its team throughout the world, and solidify its position as a pivotal player in the nature-based asset data landscape.
Jonathan Horn, CEO & Co-Founder of Treefera said, “Since our launch in September, the demand for instant, comprehensive insights across various nature-based data domains has exceeded our expectations. Treefera meets this demand by providing real-time transparency and accuracy, crucial for businesses navigating environmental challenges and supply chain complexities.”
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Paul Lehair, Investment Director at AlbionVC, the lead investor in this round said, “We have been extremely impressed by the team’s vision and execution to date. Treefera has managed to build a market-leading product and data platform for nature-based assets in very little time, which is addressing huge transparency problems in the carbon credits space and supply chain, as well as in other verticals. The momentum has been very strong as the world and companies across sectors are wrestling with their impact on climate change. We are firm believers that the Treefera team, led by Jonathan and Caroline, have the capability to build a generational company that addresses humanity’s most significant challenge and helps companies on their transition to a net zero future.”
Josh Strauss, Climate President, Environmental Products at Anew, comments: “As Anew Climate drives transformational change across the carbon market with our recent launch of the Epoch Evaluation Platform, Treefera is an invaluable strategic technology partner helping us set a new standard for forest carbon project additionality and durability,” said . “Treefera’s machine learning and remote sensing tools, combined with Anew’s vast forest carbon data set, allow for previously unachievable levels of accuracy in the assessment of biomass change and harvesting activities across the North American forest landscape. Through this achievement, the Anew-Treefera collaboration provides unprecedented project impact confidence to credit buyers.”
Laurel Perry, Co-Founder at Maple Credits said “The advantages and support provided by the Treefera platform are integral to our success, and we would not be where we are without it. Its innovative features and tools have brought immense value to our business. By providing access to validated and trustworthy information on the platform, we are able to reduce costs and save time, which is a game-changer. By bringing together different groups of people, from landowners to carbon credit buyers, Treefera creates a community united in the fight against climate change, and we are honoured to be a part of this collaborative effort.”
About Treefera
Treefera provides the data, insight, and clarity to accelerate the path to a positive future for businesses, organisations, and the planet.