Finnish AI-powered Linda platform CollectiveCrunch secures €1.4m investment round to accelerate growth
CollectiveCrunch, the creator of the AI-powered Linda platform that enables sustainable forestry at scale, today announced the closing of a €1.4 million investment round led by existing investor Nidoco AB. The investment will enable CollectiveCrunch to continue expanding worldwide and developing their portfolio, with a particular interest on the forest carbon market.
Patric Castrén, CEO, Nidoco: “CollectiveCrunch is fundamentally changing how the forestry industry monitors forest health and CO2 capture thanks to its revolutionary platform that uniquely utilizes data and provides near real-time insights into forest biodiversity and forest carbon sink more accurately than ever before. We’ve already witnessed the significant impact of their technology in the market and look forward to their continued growth.”
Rolf Schmitz, Co-founder, CollectiveCrunch: “We’re thrilled that our investors trust our team and technology amid these challenging economic times. With a business strategy designed for efficient growth – and an expanded solution portfolio that features core products adapted to serve a variety of needs – we’re uniquely positioned to support the digital transformation of the forestry industry. Verra’s approval is an important milestone for us and we are delighted that we can help build credibility in the forest carbon market through our unique methodologies. The market needs transparency and our approach with near real-time monitoring and forest asset analysis responds to that specific need.”
Since its inception in 2016, CollectiveCrunch has established a strong position in Europe and an emerging position in the United States and Latin America. CollectiveCrunch was recently approved by Verra, a nonprofit organization that operates standards in environmental and social markets, including the world’s leading carbon crediting program, the Verified Carbon Standard (VCS) Program.
CollectiveCrunch has been developing state-of-the-art AI-based technologies for the forest sector since 2016. Continuous monitoring is an essential part of understanding the changes in the sensitive ecosystem of forests and providing visibility into biodiversity and the changes in the forest carbon storages near real-time. Linda Forest today covers 23 million hectares of forest and currently 7 of the top 10 Nordic forestry players are using Linda Forest solutions.