Vibrant Planet, an Incline Village, Nevada-based startup focused on addressing the risk of wildfires, raised $15 million in Series A funding, bringing its total raised to $34 million.
SaaS Investors
The round was led by the Ecosystem Integrity Fund, with participation from Microsoft’s Climate Innovation Fund, Citi Ventures, Day One Ventures, and other investors.
The Ecosystem Integrity Fund (“EIF”) is an early growth stage investor that seeks to make impact investments in renewable energy, transportation, agriculture & food, climate resilience, green chemistry, waste reduction, and efficiency sectors.
Vibrant Planet Use of Funds
The company plans to use the funding to further develop its platform and expand its reach.
About Vibrant Planet
Vibrant Planet is a startup that offers an ecological SaaS platform designed to help organizations mitigate the impact of wildfires. Its platform leverages technology, data, and ecological expertise to provide effective tools to organizations like Pacific Gas and Electric Company (PG&E) for reducing wildfire risk. The company's software provides real-time scenario planning, monitoring, and reporting for natural resource managers, insurers, utilities, and other stakeholders seeking to improve community and wildland resilience to wildfire and climate change.
Funding Details
Company: Vibrant Planet, PBC.
Raised: $15.0M
Round: Series A
Funding Month: October 2023
Lead Investors: Ecosystem Integrity Fund
Additional Investor: Microsoft’s Climate Innovation Fund, Citi Ventures, Day One Ventures
Company Website: https://www.vibrantplanet.net/
Software Category: Forest Management Solutions
Source: https://robots.net/news/vibrant-planet-raises-15m-series-a-to-mitigate-wildfire-risk/