Wildfire Reforestation Innovator Droneseed Raises Series A Funding Round Led By Social Capital And Seven Seven Six
Wildfire Reforestation Innovator Droneseed Raises Series A Funding Round Led By Social Capital And Seven Seven Six
09/29/21, 12:35 PM
Location
seattleRound Type
series a
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 Info
Location
seattle, washington, united states
Additional Info
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