Arbonics, a Tallinn, Estonia-based climate tech startup, raised €1.8M in pre-seed funding.
Plural Platform and Taavet Hinrikus participated in the round.
The company intends to use the funds to expand operations and its development efforts.
Founded by Kristjan Lepik and Lisett Luik in early 2022, Arbonics is launching its data- and science-driven tool to make calculating the potential carbon income of land and forests quicker and easier for landowners in Europe to help fight climate change. The proprietary data and science-driven tool can calculate initial carbon income in less than a minute by combining dozens of data sources with the team’s forestry expertise.