NatureMetrics, a DNA-based biodiversity monitoring company, has announced a raise of more than €14 million in fresh funding. The funding round was led by urban sustainability-focused venture capital fund 2150 and saw participation from Ananda Impact Ventures, SWEN Capital Partners’ Blue Ocean and BNP Paribas Solar Impulse Venture Fund, and follow-on from Systemiq Capital.
Governments and businesses around the world are making plans and setting targets to minimize, or at least reduce, their impact on the environment. These targets cannot be hit without a deep analysis of data ranging from carbon footprints to nature data.
NatureMetrics has developed a platform that brings the power of genetics to frontline ecology. Their technology performs comprehensive DNA analysis and monitors biodiversity while measuring nature capital in the environment. This analysis makes biodiversity measurable and trackable, helping to guide policies, decisions, and goals so that businesses can transition to a nature positive economy.
Katie Critchlow, CEO of NatureMetrics explained: “For too long society has been failing nature because we haven’t had the tools to set and monitor targets. We want to make biodiversity data simple and easy to understand for decision-makers.”
The company is currently developing its first long term data product called iNPI (Intelligent Net Positive Impact). This product will combine eDNA with geospatial data to deliver landscape-level maps of biodiversity value.
Their other products under development include a marine health monitoring dashboard and a restoration tracker meant to enable long-term monitoring of ecosystem improvements suitable for remediation.
This new round of funding will support the company’s endeavours to build a new series of digital products for long-term monitoring as well as to accelerate its international expansion. NatureMetrics already runs two eDNA labs in the UK and Canada, which have delivered comprehensive data from the soil, freshwater and marine samples on species from bacteria to blue whales. To date, NatureMetrics has served more than 450 clients across the renewable energy, infrastructure, marine water and banking sectors.
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