veritree, a Vancouver, Canada-based provider of a platform improving verified nature restoration, raised $6.5M in funding.
The round was led by Pender Ventures, with participation from Garage Capital, Northside Ventures, and Diagram.
The company intends to use the funds to rollout its AI monitoring and analysis features, test and deploy the platform across new ecosystems in South America and Asia, accelerate their current go-to-market success, and build additional integrations to enhance auditing, strengthen monitoring, and improve platform accessibility.
Led by CEO Derrick Emsley, verities provides a platform that captures verified, site-level data across its projects and transforms it into reporting. Recent innovations added to its proprietary Smart Forest Design™ to deepen the qualitative and quantitative reporting standards include:
- AI-Backed Bioacoustic Monitors use dual microphones to capture the sounds of bird species. They track bird populations and behaviours, and are a key indicator of ecological health and restoration success due to their sensitivity to environmental changes.
- A Social Impact Dashboard quantifies the real-world impact of restoration projects on local communities, recognizing that environmental restoration can go hand-in-hand with social empowerment. Using surveys, veritree quantifies the impacts of restoration projects on communities, including job creation, gender equity, and access to food, water, education, health insurance and financial services.
- Its Collect App enables tree planting partners to collect data and evidence throughout a project’s lifecycle via a mobile phone.
Since 2023, veritree has reached 100 million trees pledged. Today, the company serves nearly 300 companies to embed verified restoration into their business models.
FinSMEs
14/05/2025