Brandenburg Kapital - News about Dryad Networks GmbH

Eberswalde - August 2022. Dryad, a Brandenburg Kapital portfolio company, recently closed a €10.5 million Series A financing to bring very early stage forest fire detection to the global market. The financing will accelerate the solution's time to market and combat increasing wildfires, thereby reducing CO2 emissions and protecting forests around the world. The Series A funding was led by eCAPITAL and other investors including Toba Capital, Semtech and Marc Benioff's TIME Ventures. Additional investors include STIHL digital, Isar AG, German energy company LEAG and Brandenburg Kapital.

The funding will enable the company to grow its team, accelerate its go-to-market strategy and fulfill its mission to combat climate change and protect forests around the world.

Brandenburg Kapital has been supporting the company since 2020. We are proud that Dryad stood out among very strong competition and are confident that the fire protection solution will be used extensively in the future.

Read the press release here:

https://bit.ly/3RefP4k

About Dryad Networks

Dryad is an IoT environmental startup based in Brandenburg, Germany. The company was founded in September 2020 with the goal of developing a large-scale IoT network that helps public and private forest owners monitor, analyze, and protect even the largest and most remote forest areas around the world. Dryad has spent more than two years developing its end-to-end Silvanet® forest fire early detection and forest monitoring system, which includes low-cost sensors, a solar-powered LoRa®-based mesh network infrastructure, and a cloud analytics platform - a market first.

Further information can be found at: www.brandenburg-kapital.de und www.dryad.net