Completion of Series A Funding Round

DeepForest Technologies Co., Ltd. (CEO: Masanori Onishi), a startup developing advanced forest analysis technologies using drone and other remote sensing data to promote forest conservation and improve forest management efficiency worldwide, has raised approximately 200 million yen in a Series A funding round through a third-party allotment of shares. Investors include Environmental Energy Investment, Bio-Sight Capital & SBI Regional Revitalization Support, Mitsubishi UFJ Capital, Chushin Venture Capital, and Kyoshin Social Capital.

With this funding, we will accelerate the implementation of our technology in Japan and globally, further drive technological innovation, and develop comprehensive services that contribute to solving forest-related challenges and generating carbon credits to support the realization of a carbon-neutral society.

Investors in the Series A Round

• Environmental Energy Investment, Inc.
  EEI No.5 Innovation & Impact Investment Limited Partnership
  (President & CEO: Shuichiro Kawamura, Headquarters: Shinagawa-ku, Tokyo)

• BioSight Capital, Inc. & SBI Regional Revitalization Support Co., Ltd.
  Osaka–Kansai Expo Activation Investment Limited Partnership
  (BioSite Capital, Inc.: President & CEO: Masayuki Tani, Headquarters: Ibaraki-shi, Osaka)
  (SBI Regional Revitalization Support Co., Ltd.: President & CEO: Ken Goto, Headquarters: Minato-ku, Tokyo)

• Mitsubishi UFJ Capital Co., Ltd.
  Mitsubishi UFJ Capital No.9 Investment Limited Partnership
  (President & CEO: Takuro Kojima, Headquarters: Chuo-ku, Tokyo)

• Chushin Venture Capital Co., Ltd.
  Chushin Venture Investment Fund No.6 Limited Partnership
  (President & CEO: Takateru Imazu, Headquarters: Shimogyo-ku, Kyoto)

• Kyoshin Social Capital Co., Ltd.
  Kyoshin Innovation C3 Investment Limited Partnership
  (President & CEO: Takehiro Kunimoto, Headquarters: Shimogyo-ku, Kyoto)

Main Uses of Funds from the Series A Financing

• Expansion of our forest analysis software and carbon credit businesses in Japan and overseas

• Enhancement of analysis accuracy and development of integrated systems for field applications and regulatory submissions

• Development of advanced analysis technologies integrating aerial and satellite remote sensing data, and creation of a web platform capable of visualizing national-scale forest conditions

• Recruitment of web engineers and passionate individuals committed to forest conservation to support these initiatives