{"id":447,"date":"2024-10-10T15:19:00","date_gmt":"2024-10-10T13:19:00","guid":{"rendered":"https:\/\/airforestry.com\/en\/en\/?p=447"},"modified":"2025-10-07T13:32:33","modified_gmt":"2025-10-07T11:32:33","slug":"e10-3m-seed-round-to-power-airforestrys-fossil-free-aerial-forestry","status":"publish","type":"post","link":"https:\/\/airforestry.com\/se\/blog\/2024\/10\/10\/e10-3m-seed-round-to-power-airforestrys-fossil-free-aerial-forestry\/","title":{"rendered":"\u20ac10.3M Seed Round to Power AirForestry\u2019s Fossil Free Aerial Forestry"},"content":{"rendered":"\n

AirForestry\u2019s Founders and Leadership Team: Olle Gelin, Founder and CEO, G\u00f6sta Fors\u00e9n, CCO, Dr Mauritz Andersson, Founder and CTO, Caroline Walerud, Founder, Executive Chairman, and Walerud Ventures, Paul Carbonnier, COO, and Oskar Lund, CFO. <\/em>Photograph: Ulf Berglund. <\/em><\/p>\n\n\n\n

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Uppsala, October 10, 2024 \u2013 AirForestry, the world\u2019s first company to develop aerial tree harvesting technology, has closed a \u20ac10.3M seed funding round led by Northzone, with participation from strategic, evergreen, and greentech investors Sveaskog, Kiko VC, CapitalT, Walerud Ventures, SEB Greentech VC, and Cloudbreak VC. AirForestry will use the funds to further develop their innovative technology that will bring forestry into a green, fossil free, more productive future.<\/strong><\/p>\n\n\n\n

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This funding includes \u20ac1.7M in grant financing from the Swedish Energy Agency (Energimyndigheten), positioning AirForestry to further develop its breakthrough technology: harvesting trees from above with drones. By eliminating the need for heavy ground-based machinery, AirForestry minimizes terrain disruption and protects biodiversity while promoting healthier, more resilient forests through targeted thinning of weak or sick trees. Making the process fully electrical further brings the company closer to its vision of becoming the green global solution for forestry.<\/p>\n\n\n\n

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\u201cWe\u2019re thrilled about our new investors who believe in the same goal as we do \u2013 making forest products more cost-effective and even more sustainable by unlocking all values of the forest. We now have a strong position to bring this solution to foresters, so that they can manage their forests effectively and increase productivity, biodiversity, and carbon sequestration\u201d, CEO and Founder at AirForestry, Olle Gelin, says.<\/p>\n\n\n\n

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Traditional forestry consumes more than 3.5 billion liters of diesel annually. AirForestry\u2019s fully electric technology offers a transformative alternative, with the potential to reduce CO2 emissions by up to 10 megatons annually. Early testing shows that by thinning forests without logging trails and improving growth conditions, their solution can save approximately 0.8 tonnes of CO2 per hectare each year \u2013 equating to over 500 megatons globally.<\/p>\n\n\n\n

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\u201cWe have a fantastic configuration of investors to build the next chapters towards our vision. We\u2019re excited to welcome Northzone\u2019s General Partner P\u00e4r-J\u00f6rgen P\u00e4rson and Kiko VC\u2019s Ben Murphy to the Board of Directors\u201d, Caroline Walerud, Founder and Executive Chair, comments and adds \u201cLooking ahead, we hope to tackle larger portions of forestry, with an environmental upside that will result in many gigatons of saved CO2.\u201d<\/p>\n\n\n\n

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The round is led by Northzone, a renowned global $4 billion multi-stage venture capital fund, famous for investing in several ground-breaking companies, such as Spotify, Trustpilot, and iZettle.<\/p>\n\n\n\n

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\u201cAirForestry represents a pivotal leap forward in sustainable and more cost effective forest management with a solution that drives both environmental impact and technological progress. It is hard to imagine a team better equipped to disrupt this particular industry. Olle Gelin is one of the most knowledgeable and connected forest experts in the world and Mauritz Andersson leads a team of world class experts in autonomous systems and drone technology\u201d, Partner at Northzone, P\u00e4r-J\u00f6rgen P\u00e4rson says.<\/p>\n\n\n\n

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Additional investors include Kiko VC, an evergreen deeptech climate fund, alongside SEB Greentech VC, an evergreen climate investor, Cloudbreak VC, a European family office founded on electric drive units, and founding investors Walerud Ventures, a family office building deeptech for the living planet \u2013 not to mention Sveaskog, one of the world\u2019s largest forest owners and the largest forest owner in Europe.<\/p>\n\n\n\n

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\u201dWith our investment in AirForestry, we want to contribute to the future of forestry.  Together with AirForestry, we can develop products and solutions for advance technology and machinery to meet the complex challenges facing the forestry sector.  Creating conditions for eventually being able thinning forests with drones is revolutionary for how we manage forests, while also reducing the risk of impact in the forest terrain from heavy machines\u201d, Per Callenberg, Head of Sustainable Business Development at Sveaskog, says.<\/p>\n\n\n\n

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Among the investors we also find CapitalT, the Dutch venture capitalist company focused on climate and future of work, with serial entrepreneur and founding partner Janneke Niessen at the helm.<\/p>\n\n\n\n

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\u201cWe believe in backing technologies that not only solve pressing environmental challenges but also create real, scalable impact. AirForestry\u2019s electric drone solution is doing just that by reinventing forest management in a way that promotes forest health, reduces carbon emissions, and boosts productivity. Their team, with extensive experience in both the forestry and technological sectors, plays a key role in driving this innovation forward. We are thrilled to support their mission and see them play a crucial role in the future of sustainable forestry\u201d, Janneke Niessen, Founding partner at CapitalT closes.<\/p>\n\n\n\n

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\u2014<\/p>\n\n\n\n

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AirForestry<\/strong>
<\/em>Start-up and deeptech company AirForestry leverages electric drones to thin forests from above, reducing the environmental impact of traditional forestry methods. Without the need for logging trails or ground-based machinery, AirForestry additionally helps protect biodiversity and significantly cuts carbon emissions. This innovative approach enables healthier, more resilient, and more productive forests that are dramatically better at carbon sequestration, storing more than 500 megatons more CO<\/em>\u2082 <\/em>globally \u2013 per year. For more information, visit <\/em>airforestry.com<\/em><\/a>.<\/em><\/p>\n\n\n\n

Northzone<\/strong><\/p>\n\n\n\n

Northzone (<\/em>northzone.com<\/em><\/a>) is a global venture capital fund built on experience spanning multiple economic and disruptive technology cycles. Founded in 1996, Northzone has raised more than ten funds to date, with its most recent fundraise in excess of \u20ac1 billion and has invested in more than 150 companies, including category-defining businesses such as Trustpilot, Spotify, Klarna, Tier, iZettle, Kahoot!, Personio, TrueLayer, Spring Health, Forto, Zopa and Flink.<\/em><\/p>\n\n\n\n

Northzone is a full-stack investor from Seed to Growth stage, with transatlantic hubs out of London, New York, Amsterdam, Berlin, Stockholm and Oslo.<\/em><\/p>\n\n\n\n

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AirForestry\u2019s Founders and Leadership Team: Olle Gelin, Founder and CEO, G\u00f6sta Fors\u00e9n, CCO, Dr Mauritz Andersson, Founder and CTO, Caroline Walerud, Founder, Executive Chairman, and Walerud Ventures, Paul Carbonnier, COO, and Oskar Lund, CFO. Photograph: Ulf Berglund.  Uppsala, October 10, 2024 \u2013 AirForestry, the world\u2019s first company to develop aerial tree harvesting technology, has closed a […]<\/p>\n","protected":false},"author":1,"featured_media":448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press"],"acf":[],"_links":{"self":[{"href":"https:\/\/airforestry.com\/se\/wp-json\/wp\/v2\/posts\/447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/airforestry.com\/se\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/airforestry.com\/se\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/airforestry.com\/se\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/airforestry.com\/se\/wp-json\/wp\/v2\/comments?post=447"}],"version-history":[{"count":6,"href":"https:\/\/airforestry.com\/se\/wp-json\/wp\/v2\/posts\/447\/revisions"}],"predecessor-version":[{"id":613,"href":"https:\/\/airforestry.com\/se\/wp-json\/wp\/v2\/posts\/447\/revisions\/613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/airforestry.com\/se\/wp-json\/wp\/v2\/media\/448"}],"wp:attachment":[{"href":"https:\/\/airforestry.com\/se\/wp-json\/wp\/v2\/media?parent=447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/airforestry.com\/se\/wp-json\/wp\/v2\/categories?post=447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/airforestry.com\/se\/wp-json\/wp\/v2\/tags?post=447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}