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INDUSTRY FIRST

Wildfire Reforestation Innovator Droneseed Raises Series A Funding Round Led By Social Capital And Seven Seven Six

Sep 29, 2021•almost 4 years ago

Round Type

series a

Seattle

Description

DroneSeed today announced it has raised $36 million in its Series A funding round. The round was led by Social Capital and Seven Seven Six, with participation from new and existing investors. Part of these funds were used to acquire Silvaseed, a 130-year-old forestry company, to expand DroneSeed's seed collection and seedling cultivation services.

Company Information

Company

Drone Seed

Location

Seattle, Washington, United States

About

DroneSeed is scaling reforestation to mitigate the worst effects of climate change. The company is the first and only FAA approved for heavy-lift drone swarms in all states west of Colorado. After its recent acquisition of Silvaseed, DroneSeed is now the first vertically integrated reforestation company in the industry and one of the largest private seed suppliers in the nation. The company is actively developing projects in California, Washington, Oregon, Idaho, Colorado, British Columbia, and Hawaii. DroneSeed's current reforestation customer projects include tribal nations, three of five of the largest timber companies, nonprofits such as The Nature Conservancy, government agencies, and family forests. For more information, visit https://droneseed.com/. Download photos and videos here. SOURCE DroneSeed

Company News

(9 articles)

Wed, 29 Sep 2021 07:00:00 GMT

DroneSeed’s $36M A round makes it a one-stop shop for post-wildfire reforestation - TechCrunch

Wed, 12 Jul 2023 07:00:00 GMT

New Tree Tech: Cutting-edge drones give reforestation a helping hand - Mongabay

Tue, 28 Jun 2022 07:00:00 GMT

DroneSeed uses swarms of drones to reseed forests after devastating wildfires - CNBC

Mon, 18 Dec 2023 08:00:00 GMT

Powered by rain, this seed carrier could help reforest the most remote areas - CNN

Sat, 11 Jan 2020 08:00:00 GMT

Tree-planting drones restore charred forests - Freethink

Mon, 05 Sep 2016 07:00:00 GMT

Tree-planting drones to speed up reforestation efforts - New Atlas

Thu, 08 Oct 2020 07:00:00 GMT

DroneSeed is first in U.S to receive approval from FAA for post-wildfire reforestation in California - uasweekly.com

Tue, 07 Mar 2023 08:00:00 GMT

DroneSeed rebrands with new name after nursery company purchase - The Business Journals

Mon, 26 Nov 2018 08:00:00 GMT

That night, a forest flew - TechCrunch

FundzWatch™ Score

Medium Activity