Kodama Systems Raises $6.6M Series Seed To Accelerate Forest Restoration And Carbon Storage
Dec 15, 2022•over 2 years ago
Amount Raised
$6.6 Million
Round Type
seed
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers