Espoo-based CollectiveCrunch, the creator of the AI-powered Linda platform that enables large-scale sustainable reforestation, announced that it has raised €1.4M in a fresh round of funding.
CollectiveCrunch develops products that reduce timelines in forest inventories and offers accurate insights into biodiversity and carbon stocks.
The round was led by existing investor Nidoco AB.
Founded in 2016 by Rolf Schmitz, Jarkko Lipponen and Christof Danzl, CollectiveCrunch is a green tech company that aims to build a sustainable future for forestry.
Since its inception, CollectiveCrunch claims to have established a strong position in Europe and an emerging position in the US and Latin America.
Recently, the company was approved by Verra, a nonprofit company that runs standards in social and environmental markets, including the Verified Carbon Standard (VCS) Programme, the world’s most popular carbon accounting program.
To improve the forecasting of forest inventories and the tracking of carbon storage in forests for the carbon trading markets, the company gathers climate, geo, and process data and processes this information into AI models.
CollectiveCrunch says it will use the funds to keep expanding and developing its portfolio, with a particular interest in the forest carbon market.
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