Impact Enterprise Fund invests in AI start-up CarbonCrop (WoodWeek)

Following a $1.5M seed capital raise in 2020, led by WNT Ventures, CarbonCrop recently raised an additional $1.9m ahead of plans to raise Series A funding later this year. The funding round was again led by WNT Ventures Fund 3, and supported by the Impact Enterprise Fund, K1W1 and Icehouse Ventures Climate Fund.

"Over the last year CarbonCrop has demonstrated market demand for a high quality, remote forest carbon assessment solution and succeeded in delivering this at scale. Along with our mission to support innovative technology in NZ, knowing that the team is already on track to direct tens of millions of dollars to landholders restoring native forest is huge. We’re excited to continue the journey with them as they expand internationally," said Carl Jones of WNT Ventures.