London-based Treefera, an AI-powered platform for forest data and conservation, announced that it has raised $2.2M (€2M) in a pre-seed round of funding.
The round was led by Concept Ventures, with participation from Twin Path Ventures, January Ventures, and Intel’s CTO Greg Lavender, who joined as an Angel investor.
The company says that this funding boost will help Treefera improve its platform, grow its team, and expand its global presence.
Jonathan Horn, CEO and co-founder of Treefera, highlights the platform’s potential impact, saying, “Treefera’s AI tool can revolutionise how we handle forest data and conservation. Our platform lets us quickly analyse carbon offset projects and easily integrate trusted data into our clients’ analytics through an API.”
“We’re thrilled to have esteemed investors on board who share our vision of a more transparent and impactful carbon offset market,” he adds.
As climate change intensifies, Treefera aims to reshape the carbon offset landscape with data-driven AI solutions that make a real difference. The market is expected to be worth $250B (€232.5B) by 2050.
Reece Chowdhry, founding partner at Concept Ventures, says, “The Treefera platform and its exceptional team impressed us beyond measure. This innovation not only contributes to the fight against climate change but also offers businesses, governments, and landowners a compelling commercial opportunity.”
“With Treefera, trust and accuracy are injected into carbon offset projects, positioning tree conservation as the smart and essential choice,” he adds.
Treefera’s AI solution for the carbon offset industry
Treefera was co-founded by Horn, a physicist and former Managing Director at J.P. Morgan, and Caroline Grey, former Chief Customer Officer at UiPath.
Together, they aim to improve the accuracy, transparency, and efficiency of the carbon offset industry. The team is advised by experts like Manuela Veloso, head of AI Research at J.P. Morgan, and Mark Lacey, head of Global Resource Equities at Schroders.
Treefera notes that trees have a significant role in addressing and alleviating the most severe impacts of climate change. They serve as a natural means of offsetting carbon emissions and constitute 15 per cent of the Earth’s nature-based resources.
For this reason, Treefera’s platform takes a groundbreaking approach to carbon offsetting and conservation using AI and data covering over a trillion trees worldwide.
The platform is already available and speeds up the process of measuring, reporting, and verifying (MRV) carbon credits, which usually takes months. Treefera provides instant insights through advanced AI techniques, making it the first platform to do this at such a large scale.
For Treefera’s clients, including assurers, insurers, traders, and landowners, the platform covers jurisdictions (countries and regions) and more than 197 registered forest projects. It integrates seamlessly with client analytics through an API.
This real-time visibility, which includes detailed info on forests and important risks like fire, flood, and drought, will make carbon credits more accurate, boosting the global offset market when it’s needed most.
Read the orginal article: https://siliconcanals.com/news/treefera-raises-2m/
