Climate right for raising funds


The startup has developed a process it says is 95 per cent faster than manual tree planting, using drone duos to drop specially designed seed pods and use GPS locating to track their growth. It wants to plant 100 million trees by 2023.

After undertaking trials in Gabon in central Africa, Mr Walker said AirSeed was ready to bring resources home to Australia this year to focus on reforestation efforts for an environment ravaged by bushfire.

“This is a global problem and one of the consequences [of climate change] is more loss. As a consequence of that warming, we’re seeing worse disasters, worse wildfires,” he said.

AirSeed is aiming to assist with those challenges by providing an efficient way for businesses and governments to replant trees when needed and in the context of offsetting carbon emissions.

Mr Walker said the time was right for the business to turn to equity crowdfunding at this point because investors were hungry for information on long-term solutions for a world experiencing climate change.

The company is not the only envirotech business on the hunt for capital at the start of the year.

Ocean cleaning startup Seabin also has expressions of interest open for a crowdfunding campaign on Birchal, with Atlassian co-founder Mike Cannon-Brookes describing its technology as “a great Aussie invention” on Twitter last week.

Seabin’s technology filters water to collect marine litter.

The Seabin project has deployed bin-like structures to catch floating ocean debris and has managed to establish a global presence.

The company has said its expressions of interest for the raise have already extended beyond the $1 million mark.

These raises add to growing momentum across the technology sector to harness community concern about a changing climate and use this to commercialise business ideas.

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The envirotech sector is worth at least $1.2 billion in the US alone, according to its department of commerce.

Companies like AirSeed face competition, like Droneseed, a Seattle-founded business using a similar approach to restore environments after wildfire destruction.

In its fundraising offer, AirSeed acknowledges the competition but claims its design is cutting edge and can carry more seeds which are non-germinated, meaning they can last longer before planting.

Mr Walker said the scale of the deforestation problem means there are plenty of opportunities.

“If you think about this, it really is a global problem.”

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