Cambridge-based Pivotal, a biodiversity data company that offers consumers and businesses information about investments that will benefit nature, announced on Wednesday that it has raised £4.5M (approximately €5.11M) in a Seed round of funding.
According to Pivotal, the funding will help reinvent the economics of tracking biodiversity and create a platform to measure biodiversity at scale.
Investors supporting this round
The round was led by London-based Octopus Ventures, a venture capital investor in the UK and Europe. AENU, The Clearing Ventures, and existing investor Pale Blue Dot also joined the round.
Octopus Ventures invests £200M annually and manages £1.9B for institutional and individual investors. It is part of Octopus Group, a group of entrepreneurial businesses whose common goal is to back the people, ideas and industries that will change the world.