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Today: October 3, 2024
May 9, 2024
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– Breaking News: Dendra Systems Raises $157M in Series B


TLDR:

  • UK biodiversity startup Dendra Systems has raised $15.7 million in Series B funding.
  • The round was led by Zouk Capital, with additional funding from Aramco Ventures, Airbus Ventures, and Understorey Capital.

Dendra Systems, founded in 2014, uses AI and drones to help restore natural ecosystems. Their main product, RestorationOS, scans and analyzes land to develop restoration plans for governments, infrastructure developers, and mining operations. The startup also provides drones that plant seeds in remote and challenging areas. The Series B investment will fund expansion into new markets and development of their AI-enabled platform.

This investment comes at a time when climate tech startups, especially those focused on biodiversity, are gaining traction in the market as a crucial part of fighting climate change. Dendra Systems is part of the growing wave of European climate tech startups securing funding to address biodiversity risks and contribute to global conservation efforts.


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