Sep 29, 2021 - Energy & Environment

DroneSeed raises $36 million in funding

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

Illustration: Annelise Capossela/Axios

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.
Go deeper