The Edinburgh-based NatureTech firm raised Series A backing from AzurX Space Ventures and Intercontinental Exchange to expand its global forest mapping catalogue.
"To address the dual climate and biodiversity crises, it’s critical that investment in forest conservation and restoration scales through mechanisms such as the carbon markets and that compliance with legislation like the EU Deforestation Regulation is ensured,"
The funding round was co-led by EDP Ventures alongside Clean Growth Fund and Future Energy Ventures.
"We are delighted to join CGF and FEV as investors in this funding round and we’re thrilled to strengthen our partnership with Piclo. This collaboration will enhance our distributed energy resource assets, such as decentralized storage and industrial and residential assets, globally. With this partnership, we aim to contribute even more to the decarbonization of energy systems worldwide and explore new opportunities in flexibility markets"
Animoca Brands and Jump Crypto led the seed financing to support the expansion of the web3 gaming platform.
"We’re excited to support Nexus Interactive as it builds a scalable ecosystem for users, builders and creators. We believe these efforts will help to enhance network effects throughout our broader network and we look forward to the impact that the ecosystem of Nexus Interactive will have on the Web3 gaming space."