forward earth, a Berlin, Germany-based AI-powered environmental software company, secured €3.2 million in funding.
This follows an earlier €2 million pre-seed funding from private investors and an additional €1.2 million from the European Union (EFRE).
Investors
The round was led by Speedinvest, alongside contributions from Revent, Lucid Capital, the European Union, and serial entrepreneurs Anna Alex and Benedikt Franke.
Speedinvest is a venture capital fund with more than €1 billion to invest in pre-seed, seed, and early-stage tech startups across Europe. Founded in 2011 and based in Vienna, Austria.
forward earth Use of Funds
The company plans to use the funds to enhance its AI-powered technology and expand its operations across North America, Europe, and Asia.
About forward earth
Founded by Dr. Micha Schildmann, Forward Earth specializes in providing automated environmental management solutions that seamlessly integrate into existing business software to generate environmental data for compliance, risk management, or supply chain management purposes. The company has established strategic partnerships with leading software providers across compliance, supply chain management, and ESG (Environmental, Social, and Governance) sectors.
Funding Details
Company: forward earth GmbH
Raised: €3.2M
Round: Pre-Seed
Funding Month: June 2024
Lead Investor: Speedinvest
Additional Investors: Revent, Lucid Capital, the European Union, Anna Alex, Benedikt Franke
Company Website: https://www.forward-earth.com/
Software Category: Environmental Management
Source: https://www.eu-startups.com/2024/06/berlin-based-forward-earth-raises-e3-2-million-to-dramatically-simplify-environmental-data-reporting/