Treefera, a London, UK-based provider of an AI-enabled data management platform, raised $12M in Series A funding.
The round was led by AlbionVC.
The company intends to use the funds to expand operations and its business reach.
Co-Founded by Jonathan Horn and Caroline Grey, Treefera is an AI-powered data management platform empowering businesses in carbon removal, bioenergy, fuel, and supply chain markets with insights and technology. By integrating satellite, drone and ground data at huge scale and overlaying this with AI algorithms, the platform provides continuous monitoring, assurance and risk evaluation to its clients. This includes the ability to deliver insights and assurances around the provenance of commodities, deforestation risk, carbon credits, carbon removal, and supply chain sustainability.
For clients – such as project developers, biochar producers, registries, financial services operating in the carbon credit market, bioenergy and biofuel companies and supply chain businesses – the platform covers jurisdictions (countries and large regions) as well as 500+ registered forest projects and harvest sites, bringing together an high volume of environmental and forestry data. The platform then integrates with client analytics through an API.
Treefera has signed partnerships with industry leaders, including Anew Climate, ACCIONA, and Maple Credits.
Commenting on the news, Jonathan Horn 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.”
FinSMEs
25/04/2024