AirSeed completes $2.1 million seed raise
Drone technology business completes seed raise to expand sales & product capabilities
Headquartered in Sydney with a satellite office in Cape Town, South Africa, AirSeed was co-founded by Andrew Walker, mechanical engineer, and GeoSpatial data expert Andries Louw.
AirSeed combines drone technology, artificial and data driven intelligence with its proprietary seed pod bio-technology.
Currently, AirSeed is focusing its research and development operations in Australia, New Zealand and South Africa with further global expansion anticipated in 2022.
$2.1 million cash injection
TWIYO Capital now completed a $2.1 million funding round to sophisticated investors that values the business at $6 million on a pre-money basis. The funds will be used to advance the technology, invest in research & development, expand the team and drive sales and marketing.
In early 2020, AirSeed raised ~$380,000 in crowdfunding equity via OnMarket
100 million trees by 2024
Traditional (or manual) planting solutions continue to be slow, labour intensive, expensive and ineffective in mitigating today’s rate of deforestation.
AirSeed’s technology is an innovative response to a global problem that is unprecedented in scale, speed, and scope. Every year 15 billion trees are lost globally. Agriculture, Commodity Based Manufacturing, Forestry and Wildfires are the major contributors to global deforestation.
Airseed Technologies has developed a proprietary, innovative and scalable solution for reforestation and re-vegetation that is faster and cheaper than traditional manual planting practices.
The company’s aim is to plant over 100 million trees in Australia/NZ and Africa by 2024 before accelerating the rollout to 300 million+ trees.
Experienced team determined to make an impact
The AirSeed team is made up of experienced professionals in engineering, agriculture, marine and terrestrial micro-biology with a proven track record in early stage growth businesses.
Andrew Walker, Director, CEO & Co-Founder, is a senior leader, mechanical engineer and entrepreneur with over 20 years’ experience within the automotive/aerospace design sector for companies such as BMW and AirBus Industries.
Andries Louw, Director, Chief Pilot & Co-Founder, is one of the most experienced mapping and drone data analysts in Africa, Andries has done extensive research in the field of GeoSpatial data and the implementation data in Precision Agriculture and Land Surveying. Over the past 3 years, Andries has mapped and processed over 40 000 hectares across South Africa, Lesotho, Namibia, Botswana, and Australia and offers a strong technical background in UAV systems.
TWIYO Capital led the capital raise and will continue to work with AirSeed towards a larger funding round in 12-18 months to enable rapid global expansion.
More information
Learn more about AirSeed here.
For strategic enquries and information on future capital raises contact TWIYO.
Stuart started his entrepreneurial journey at Zambrero, the Australia-based food franchise, where he was the CEO from 2009 to 2015. Since leaving Zambrero, Stuart has invested in 30+ start-ups and has worked as an advisor, board member or mentor to many more including Fitstop, AirSeed and Ozharvest Ventures which he is currently Chairman of the board.
