FLINTpro, a Canberra, Australia-based carbon accounting and land analysis firm, closed $13.5 million in Series A funding, which will expand the company's presence in the North American market.
The round was led by Understorey Ventures, joined by new investors Pollination and Persei Venture, as well as existing backers Ananta-OM and Synovia Capital.
With its SaaS platform, FLINTpro aims to simplify natural capital reporting by integrating multiple data sources and providing visualizations that enable accurate measurement of carbon emissions and land sustainability.
The company's SaaS platform offers a comprehensive tool that consolidates disparate carbon measurements into a single visualization tool, helping clients track emissions and validate their sustainability claims.
“As the climate and natural capital reporting become mainstream, organizations are finding that there is no single technology or data source that can meet all their needs,” says Dr. Robert Waterworth. “FLINTpro solves this problem by integrating multiple streams of data, including best-in-class soil and biomass estimates, to simplify natural capital reporting for carbon, greenhouse gas emissions, biodiversity, water, and soil.”
FLINTpro's SaaS platform is utilized by various clients in Australia, including the NSW Department of Primary Industries, the Grain Producers of South Australia, the Australian Agriculture Company (AACo), and the Food Agility Cooperative Research Centre.
Company: FLINTpro Corp.
Round: Series A
Funding Month: May 2023
Lead Investors: Understorey Ventures
Additional Investors: Pollination, Persei Venture, Ananta-OM, and Synovia Capital
Company Website: https://www.flintpro.com/
Software Category: Natural Capital and Carbon Reporting Software
About the Company: FLINTpro is a company specializing in carbon accounting and land analysis. Its technology-driven solutions assist organizations in managing natural capital and meeting reporting requirements related to carbon emissions, greenhouse gas emissions, biodiversity, water, and soil. The company has established partnerships with prominent organizations such as the US Forest Service, National Resources Canada, Shell, and Yale University. In addition to its North American operations, FLINTpro empowers organizations to develop in-house capability and gain better control of the levers impacting their carbon footprint. FLINTpro already has a presence in the North American market, with its headquarters located in Fort Collins, Colorado.