NatureMetrics, a Surrey-based startup in nature intelligence and biodiversity monitoring, has introduced the completion of a €24.3 million Collection B funding spherical.
This funding, led by Simply Local weather, EDF Pulse Ventures, and the Monaco ReOcean Fund, consists of contributions from present backers 2150, BNP Paribas, Ananda Impression Ventures, and SWEN Blue Ocean.
The funding will speed up NatureMetrics’ growth of cutting-edge biodiversity monitoring options, together with its environmental DNA (eDNA) expertise and AI-enhanced Nature Intelligence Platform.
Dimple Patel, CEO of NatureMetrics, remarked: “Firms can now not afford to disregard their affect on ecosystems. Addressing nature-related dangers isn’t nearly compliance—it’s about future-proofing enterprise operations and making significant contributions to a sustainable future. This funding will enable us to quickly speed up our answer—enabling companies to grasp nature throughout their provide chains and make knowledgeable operational and monetary choices. We’re making nature knowledge accessible and actionable, driving a shift in the direction of a extra sustainable world economic system.”
Based in 2014 by Dr Kat Bruce, NatureMetrics operates labs within the UK and Canada, with a companion lab in Indonesia. It’s a nature intelligence expertise firm offering an end-to-end nature monitoring and affect reporting answer. It’s at present working in 110 completely different nations and employs a staff of over 200 folks.
With rising calls for for nature-related knowledge pushed by rules just like the Company Sustainability Reporting Directive (CSRD) and the Taskforce on Nature-related Monetary Disclosures (TNFD), NatureMetrics appears to be like to cleared the path in addressing these challenges.
NatureMetrics’ eDNA expertise, mixed with superior analytics, permits for site-level biodiversity assessments. This method helps organisations in managing dangers, monitoring conservation progress, and making knowledgeable choices throughout industries.
The corporate’s shopper base spans over 600 organisations, together with main corporates like Unilever and Anglo American, in addition to conservation teams like WWF and Fauna & Flora.
The rising want for sturdy biodiversity knowledge has pushed the demand for NatureMetrics’ options, particularly within the wake of COP15 and the adoption of the World Biodiversity Framework.
By combining eDNA with AI and Earth statement applied sciences, the corporate gives the flexibility to observe ecosystems, providing a scalable answer to satisfy rising regulatory and environmental necessities.
The funding can be channelled into a number of key areas:
- Enhancing the Nature Intelligence Platform to ship actionable biodiversity insights.
- Increasing AI and digital capabilities for processing complicated geospatial and bioacoustics knowledge.
- Broadening world attain to satisfy the growing demand for biodiversity monitoring options.
Traders have expressed sturdy confidence in NatureMetrics’ potential. Siddarth Shrikanth, Director of Pure Local weather Options at Simply Local weather, said: “We consider that corporations throughout industries in search of to guard and restore nature inside their operations and provide chains lack the high-quality knowledge they should act with confidence. NatureMetrics combines the ability of environmental DNA expertise with a spread of different knowledge sources to generate actionable insights, and we’re delighted to assist their scale-up journey at a important second for world biodiversity motion.”
Equally, Olivier Wenden, CEO of the Prince Albert II of Monaco Basis, famous: “NatureMetrics is revolutionising biodiversity knowledge, by turning insights into actionable methods that align financial development with environmental and ocean resilience. This innovation drives worth creation whereas setting a brand new benchmark for embedding ocean well being into enterprise choices – a pure match for the ReOcean Fund’s mission to rework the blue economic system.”