Sep 29, 2021 - Energy & Environment
DroneSeed raises $36 million in funding
DroneSeed, a startup that helps speed reforestation to fight climate change, has raised $36 million in series A funding.
Driving the news: Social Capital and Seven Seven Six led the round. New investors include DBL Partners and Shopify CEO Tobi Lütke.
How it works: "DroneSeed is the only company approved by the FAA to deploy a fleet of heavy-lift drones to reforest after wildfires, enabling healthy forests to grow back," the company states.
- TechCrunch has more on the firm, which sells carbon credits based on areas it's helping to reforest.