Flash Forest secures Series A financing from TELUS Pollinator Fund for Good and OurCrowd, leading global reforestation efforts using drone technology
Summary
MISSISSAUGA, ON -- Today, Flash Forest, a Canadian reforestation company that uses drones and technology to regenerate post-wildfire areas that are deemed too unsafe for human tree planters, announced the completion of an $11.4 million (CAD) Series A financing round. This investment will contribute to automate the resource-intensive practice by planting trees three times cheaper and five times faster than conventional hand and shovel methods while also being able to service wildfire impacted areas that can not be easily addressed by conventional methods.With this investment by the TELUS Pollinator Fund, Flash Forest is partnering with a significant social impact fund, that doesnt simply act with a profit-first mindset like many VCs, but clearly identifies with and supports our mission of 1B trees and beyond to mitigate climate change and biodiversity loss. In addition to TELUS environmental leadership and steadfast commitment to becoming a zero waste and net carbon neutral company by 2030, theres enormous internal resources and support that make this an extremely exciting and mutual partnership. Were ready to dive in and cant wait to see what the future holds.Flash Forest has also entered into a multi-year commercial agreement with the TELUS Sustainability & Environment team to provide drone planted trees for their customers. We are excited to join forces with Flash Forest on their mission and to co-lead this round with the TELUS Pollinator Fund supporting rapid post-wildfire reforestation that is so needed to fight climate change, said Liat Sverdlov, Investment Partner at OurCrowd.