Overstory Raises $14M in Series A Funding


Overstory, an Amsterdam, the Netherlands-based climate tech startup, raised $14M in Series A funding.

The round was led by B Capital, with participation from The Nature Conservancy, among others.

The company intends to use the funds to accelerate development of its platform.

Led by CEO Indra den Bakker, Overstory is building technology that mitigates wildfires, protects biodiversity, and helps people make decisions about natural resources. The global vegetation intelligence platform provides insights about the location, size, health, and species of any tree on Earth. Overstory’s initial focus is to provide electric utility companies with visibility, risk analysis, and optimization recommendations for vegetation management by applying artificial intelligence to satellite imagery. In over five years, the company has actively monitored about 2 million acres, and protected $6 Billion of utility assets.

Overstory counts three of the top five utilities in the US as customers, including PG&E in California, as well as top utilities in Canada, Brazil and Europe.