Treefera Raises $2.2M for AI-Powered Data Platform for Forest Conservation
Treefera's platform speeds up the intricate procedure of measuring, reporting, and verifying (MRV) carbon credits.
Company Name: Treefera
Location: London, UK
Nature of Business: AI-powered data platform focused on forest data and conservation.
Funding Details: $2.2M
Key Investors:
- Lead Investor: Concept Ventures
- Participants: Twin Path Ventures, January Ventures, and Greg Lavender
Purpose of Funding: The company plans to:
- Improve platform capabilities
- Expand its team
- Strengthen its global market presence
Background:
Guided by CEO Jonathan Horn and Caroline Grey, Treefera offers an innovative AI-driven data platform primarily dedicated to forest data and conservation. The platform has an integrated data repository, which connects with clients using an API. This connection simplifies and accelerates the carbon offset process, ensuring transparency, precision, and credibility to carbon offset initiatives.
Available to users now, Treefera's platform speeds up the intricate procedure of measuring, reporting, and verifying (MRV) carbon credits. By employing deep learning models coupled with unique AI search techniques, the platform instantly delivers vital insights. These insights offer a detailed overview of forests, encompassing aspects like tree health and carbon sequestration, and also cover critical "reversal risks" such as fires, floods, and droughts. Such detailed information refines the pricing accuracy of carbon credits, catalyzing the global offset market at an essential juncture for environmental conservation.