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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.

DroneSeed raises $36 million in funding

DroneSeed sells carbon credits based on areas it's helping to reforest.

Illustration of hands opening a wallet to reveal Earth in the shape of a coin

Startup news

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.

Ominous forecasts about the impact of climate change serve as the backdrop for the world — led by U.S. lawmakers and companies — to debate big action on the problem, which could upend energy systems and our way of life.

Energy & Environment

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

DroneSeed raises $36 million in funding

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