eDNA specialist NatureMetrics secures $25m Series B funding

NatureMetrics, a global provider of biodiversity monitoring solutions, has announced the completion of a $25 million Series B funding round. The investment was led by Just Climate, with participation from EDF Pulse Ventures, the Monaco ReOcean Fund, and existing investors including 2150, BNP Paribas, Ananda Impact Ventures, and SWEN Blue Ocean.

With labs in the UK and Canada, with a partner lab in Indonesia, NatureMetrics uses environmental DNA (eDNA) technology and data analytics to provide site-specific biodiversity data. The data is designed to assist businesses and conservation organizations in managing risk, informing decision-making, and tracking biodiversity over time.

The company said it intends to use the funding to enhance its nature intelligence platform, expand its data, AI, and digital capabilities, including geospatial and bioacoustics data offerings, and increase its global reach to meet rising demand for biodiversity monitoring services.

The funding coincides with increasing global requirements for biodiversity data, driven by new regulations such as the Corporate Sustainability Reporting Directive (CSRD) and the Taskforce on Nature-related Financial Disclosures (TNFD). These frameworks are prompting businesses to integrate biodiversity monitoring into their operations and reporting processes, NatureMetrics CEO Dimple Patel highlighted.

“Companies can no longer afford to ignore their impact on ecosystems. Addressing nature-related risks isn't just about compliance—it's about future-proofing business operations and making meaningful contributions to a sustainable future," Patel said.

"This investment will allow us to rapidly accelerate our solution—enabling businesses to understand nature across their supply chains and make informed operational and financial decisions. We are making nature data accessible and actionable, driving a shift towards a more sustainable global economy," she added.

“NatureMetrics is revolutionising biodiversity data, by turning insights into actionable strategies that align economic growth with environmental and ocean resilience," said Olivier Wenden, VP & CEO of the Prince Albert II of Monaco Foundation for the ReOcean Fund, one of the new investors. NatureMetrics is the first company entering the fund's portfolio.

"This innovation drives value creation while setting a new benchmark for embedding ocean health into business decisions – a natural fit for the ReOcean Fund’s mission to transform the blue economy," he added.

Founded in 2014 and recently a finalist for the 2024 Earthshot Prize, NatureMetrics serves a diverse client base, including multinational corporations like Unilever and Anglo American, as well as conservation organizations such as WWF and Fauna & Flora. The company operates globally, with over 600 clients across 110 countries and applications in industries such as energy, consumer goods, and conservation, incuding marine environments.