• Raised Series A funding round to support and scale a pioneering environmental cleanup company (https://airseedtech.com/), which uses drones and biotechnology to restore lost biodiversity on a much larger and cheaper scale than traditional methods
  
• Key milestones achieved include signing the first major deal with a leading impact investment manager working to establish a carbon sequestration fund of up to $200 million
• The appointment of highly experienced climate transition and business specialist Mara Bún to the board strengthens the foundations for continued success with continued rapid growth
  

SYDNEY, Australia, March 25, 2023 (GLOBE NEWSWIRE) — AirSeed Technologies, a disruptor in environmental restoration, announced today that it is partnering with leading impact investment manager Conscious Investment Management (CIM) to establish a carbon sequestration fund of up to $200 million, the largest of its kind.

Key cornerstone impact partner of CIM in establishing up to $200M carbon sequestration fund

AirSeed and CIM expect AirSeed’s remediation and carbon sequestration projects to generate significant upfront revenue in the form of service provider revenues to complete the planting over the next five years.

This is AirSeed’s first large-scale deal with a leading impact investment manager and will be key to creating one of the largest carbon sequestration funds of its kind. It confirms our value proposition for the large-scale application of our hyper-productive planting solution.

Series A funding to advance transformational opportunities

To support this, AirSeed is initiating its Series A fundraising to provide additional funds to execute this milestone agreement and to scale the business to maximize this transformative opportunity.

AirSeed already works with well-known Australian brands. AirSeed is partnering with Telstra as a technology and services provider to establish environmental plantings for a 240-acre project that will grow approximately 160,000…