CollectiveCrunch closes €2.3 mil Funding Round led by Nidoco AB
(firmenpresse) - Espoo, Finland (June 10, 2021) – CollectiveCrunch announces the successfully closing of its funding round of €2.3 million. The funds will be invested in international expansion and the development of its carbon monitoring tool.
CollectiveCrunch is the AI leader in Forestry, serving six of the Nordic Top 10 forestry players. Its industry-leading Geo-Information System (GIS) integrates hundreds of data layers and applies AI to provide forest inventories. Such inventories are needed for decision-making and more efficient use of natural resources. In addition, the AI-based forest inventories can provide far better monitoring of carbon offset projects, where forests sequester carbon from the atmosphere.
The lead investment is made by Swedish Nidoco AB a subsidiary of the Virala Group owned by Alexander and Albert Ehrnrooth, well known and respected investors from the Nordics. Says Patrick Castrén CEO of Nidoco: “The investment case was clear for us. The world needs to offset its carbon footprint. CollectiveCrunch brings accuracy and scale to a process that today is still mostly conducted manually.” Other investors in the round are Thominvest and other existing shareholders, as well as several angel investors.
The funding from this round will be deployed to scale the company’s business and drive internationalisation. Says Rolf Schmitz, CEO of CollectiveCrunch: “This funding is a vote of confidence in our team and technology. We have seen a lot of interest in our solution from across the globe and will now have the means to address these opportunities.”
CollectiveCrunch has been supported by the European Space Agency and Business Finland throughout its development.
Themen in dieser Pressemitteilung:
collectivecrunch
nidoco
forestry
forest-inventories
forest-management
ai
carbon
carbon-sequestration
carbon-offset
Unternehmensinformation / Kurzprofil:
CollectiveCrunch is an AI leader in the forestry industry. It collects climate, geo and process data and crunches this information into AI models for better prediction of forest inventories and forest management parameters. Using its Linda Forest product, customers make better buying and selling decisions, use wood-based raw material more efficiently, and overall reduce their costs. The solution can be adopted to new opportunities such as prediction of forest risks and sustainability aspects such as CO2 sequestration.
For further information please contact:
CollectiveCrunch
Rolf Schmitz, CEO and Co-founder
rs(at)collectivecrunch.com
Datum: 07.06.2021 - 22:19 Uhr
Sprache: Deutsch
News-ID 639125
Anzahl Zeichen: 1755
contact information:
Contact person: Rolf Schmitz
Town:
Espoo
Phone: +49 151 1972 6650
Kategorie:
Forestry
Typ of Press Release: Company
type of sending: send
Date of sending: 10.06.2021
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