CollectiveCrunch, a Helsinki, Finland-based forestry tech company, closed a 600K€ funding round.
The round, which brought total funding to 1M€, was led by Thominvest, with participation from existing and new angel investors.
The company intends to use the funds to build the team and technical capabilities and finalize and launch the first commercial version of its Linda Forest platform in the second half of 2019.
Led by CEO Rolf Schmitz, CollectiveCrunch is advancing an AI-supported technology platform that allows landowners to more accurately assess and manage their forestry inventory and buyers of wood resources to target the wood they actually need.
Linda Forest AI platform utilizes climate, geo, and customer process data to arrive at better predictions of forest inventory. The solution lets foresters know the volumes and species of wood they have on their land without having to drive out for inspection.
The round closure follows a recently announced a multi-year partnership with Finland’s Metsähallitus Forestry Ltd. that aims to improve harvesting and forest development planning.
The company has offices in Helsinki, Berlin, and Munich, and forestry customers in Finland, Sweden, Estonia, and Brazil.