Dryad, the only provider of solar-powered environmental sensor networks for ultra-early wildfire detection and forest monitoring, has closed €10.5m in Series A funding, led by eCAPITAL and additional investors, including Toba Capital, Semtech and Marc Benioff’s TIME Ventures. The funding will enable the company to scale its team, accelerate its go-to-market strategy, and deliver on its mission to fight climate change and protect forests around the world.
Target – Dryad Networks GmbH
Buyer – eCAPITAL ENTREPRENEURIAL PARTNERS AG
Buyer – Toba Capital
Buyer – Semtech Corporation
Buyer – TIME Ventures
Seller – Shareholders