Aussie startup AirSeed begins Series A raise fund deal worth up to $200m

Andrew Walker, Chief Executive Officer and Co-Founder at AirSeed

Environmental restoration disruptor, AirSeed Technologies is partnering with one of the leading impact investment manager Conscious Investment Management (CIM) as it sets up a carbon sequestration fund of up to $200m, one of the largest of its kind. AirSeed and CIM expect the restoration and carbon sequestration projects to generate meaningful upfront revenue to AirSeed in the next five years in service provider revenue to conduct planting.

AirSeed also confirmed highly respected climate transition specialist Mara Bún as the latest addition to the Board. Ms Bún has a track record in climate, nature and impact campaigns.

What does the fund mean for AirSeed?

This is AirSeed’s first large-scale contract with a leading impact investment manager and will be key to creating one of the largest carbon sequestration funds of its kind. It validates the firm’s value proposition for large-scale application of our hyper productive planting solution.

To support this, AirSeed is launching its Series A to provide additional funds to execute this milestone contract and scale the business to maximise on this transformative opportunity.

AirSeed is partnering with iconic Australian brands. AirSeed is collaborating as the tech and service provider to Telstra to establish environmental plantings for a 240 hectare project which will capture about 160,000 tons of carbon over 25 years. AirSeed is also working with Treasury Wine Estates’ brand St Hubert’s The Stag to plant 100,000 seed pods this year.

AirSeed Chief Executive Officer and Co-Founder Andrew Walker, commented, “Securing an agreement to work with CIM as it establishes one of the largest carbon sequestration funds of this type is important validation of our value proposition for large-scale application of our solution and brings us significantly closer to our 100 million planting goal by 2024.”

“AirSeed is currently in dialogue with a number of corporate investors who see the same economic and environmental opportunities as CIM. AirSeed is now capitalising so that we can deliver on this unique and critical opportunity at scale,” Andrew Walker further commented.

“Launching our Series A will drive AirSeed’s delivery of this massive opportunity and continue the transformation of our business to meet the rapidly growing appetite for reforestation and replanting opportunities at the scale necessary to help shift the dial on climate change.”

What does the partnership mean for CIM?

There’s growing demand for AirSeed’s rapid-response reforestation and revegetation solutions. With AirSeed’s individual and business sustainability memberships, the Board is determined to capture this accelerating global appetite to tackle climate change head-on. AirSeed’s ability to provide partnering businesses and individuals with objective, transparent evidence of impact and support entry into carbon and nature markets is a growing focus.

CIM’s Partner Alex Debney, commented, “We’re delighted to welcome AirSeed as a new impact partner in the environmental sector. CIM’s carbon strategy focuses on working with high quality mission-aligned environmental organisations to rapidly deliver emissions reduction and biodiversity outcomes. We look forward to delivering carbon sequestration and native Australian reforestation at institutional scale by working closely with AirSeed.”

AirSeed Technologies is on track to achieve 100 million pods planted by 2024 including via projects that were too large and too expensive to tackle until now. Pilot projects already underway in Australia across Victoria, New South Wales and Queensland covering more than 650 hectares and include one of the largest environmental planting to date in Australia.

What does Bún bring to AirSeed’s board?

Ms Bún is Chair of Australian Impact Investments and a non-executive Director of Australian Ethical Investments and GreenCollar, Australia’s environmental markets investor. Ms Bún’s global expertise across corporates and sustainability build on the firm’s existing expertise.

With a background leading environmental, social, and governance finance, impact capital, carbon market and climate/nature innovation, She is also the Chair of The Bowerbird Collective and Founder of tech scale-up advisory group The Salmon Project. Mara Bún led Business Development for CSIRO and internet equities research for Macquarie Bank.

Mara Bún, Board Executive at AirSeed

Commenting on her appointment the board, AirSeed Director Mara Bún, said, “According to the IPCC, since humans began our settlements 10,000 years ago, we have crunched through 70% of nature. That just can’t continue and AirSeed Technologies is the biggest bet for restoring all of that at scale and speed which is why I am delighted to be joining the Board.”

“There are immense opportunities for AirSeed given the uniqueness of its bio-diverse, scalable ‘seed pod meets drone’ system. Nowhere else is there tech where the pod captures the local biome and is planted and then monitored via drones for the best chance of success.”

“AirSeed does this at an unprecedented scale and significantly cheaper and faster than human planting, with its technology providing robust and transparent reporting of impact. This is an increasing core part of the success of the carbon and nature markets. Given the higher quality of restoration possible through AirSeed’s approach, there is also a very exciting opportunity to generate a higher quality of carbon credit,” Mara Bún further commented.

What does the appointment mean for AirSeed?

“Mara’s appointment comes at a time when governments and corporates alike around the world are acting to driving large-scale restoration projects. Concurrently, we are seeing a massive rise in corporate need and individual desire to be part of the solution including through participation in the carbon and nature markets and moving towards net zero.”

“This is a billion-dollar opportunity for AirSeed given our unique, scalable approach to rapid reforestation and investment in robust reporting to show impact. Mara brings an impressive track record in aligning strategy to global markets for sustainability and corporate impact and extensive expertise in evaluating and mitigating risk. She has worked at the highest level of both sustainability and corporate and her insights are already proving invaluable.”