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Kodama Systems Raises $6.6M Series Seed To Accelerate Forest Restoration And Carbon Storage

Dec 15, 2022over 2 years ago

Amount Raised

$6.6 Million

Round Type

seed

CaHuman Resources

Investors

Climate CapitalAlumni VenturesShorewind CapitalCongruent VenturesBreakthrough Energy Ventures

Description

Kodama Systems Inc. (Kodama), an innovator in forest restoration, announced that it has raised $6.6 million in a Series Seed funding round co-led by leading climate-tech investors Breakthrough Energy Ventures and Congruent Ventures. Kodama has additionally received a business development grant from CAL FIRE to develop site connectivity and automation for forest thinning, and a carbon removal R&D grant from Frontier Climate for a biomass storage pilot project in partnership with the Yale Carbon Containment Lab. The combined funding accelerates Kodama's technology development to improve the efficiency of forestry thinning operations and expand markets for woody biomass byproducts.

Company Information

Company

Kodama Systems

Location

Ca, California, United States

About

Kodama is developing technology to improve climate resilience and carbon storage in forests. We're tackling these problems end-to-end by automating machinery, optimizing on-the-ground operations, and developing new methods to utilize low-value biomass. For more information, visit www.kodama.ai.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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