CollectiveCrunch, an Espoo, Finland-based creator of the AI-powered Linda platform that enables sustainable forestry at scale, raised €1.4M in funding.
The round was led by Nidoco AB.
The company intends to use the funds to continue expanding worldwide and developing their portfolio, with a particular interest on the forest carbon market.
Led by Rolf Schmitz, CollectiveCrunch is an AI company which specialized in the forestry industry. It collects climate, geo and process data and crunches this information into AI models for prediction of forest inventories and the monitoring of carbon storage in forests for the carbon trading markets.
Linda Forest today covers 23 million hectares of forest and currently 7 of the top 10 Nordic forestry players are using Linda Forest solutions.
Since its inception in 2016, the company has established a position in Europe and in the United States and Latin America. CollectiveCrunch was recently approved by Verra, a nonprofit organization that operates standards in environmental and social markets, including the world’s leading carbon crediting program, the Verified Carbon Standard (VCS) Program.
FinSMEs
14/04/2023