Tech Company Financing Transactions
Dryad Networks Funding Round
European regional development fund and private investors invested in a $6.9 million funding round for Dryad Networks. The round was announced on 10/22/2024.
Transaction Overview
Company Name
Announced On
10/22/2024
Transaction Type
Venture Equity
Amount
$6,900,000
Round
Undisclosed
Investors
European regional development fund (Lead Investor)
Proceeds Purpose
The company intends to use the funds to scale its Silvanet wildfire detection platform while driving forward the development of Florian, an innovative solution that combines AI-driven early detection with immediate suppression capabilities.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
Eisenbahnstr. 37
Eberswalde, 16225
DE
Eberswalde, 16225
DE
Phone
Undisclosed
Website
Email Address
Overview
Dryad provides ultra-early fire detection as well as health and growth monitoring solutions for public and private forests. Using Dryad's large-scale IOT network, sensors can detect wildfires and provide valuable insights into the micro climate and growth of the forest.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Carsten Brinkschulte
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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