Overstory, a climate tech startup from Amsterdam, has raised $43 million in a Series B funding round to enhance its AI-driven vegetation management solutions and expand internationally, with investments led by Blume Equity.

Target Information

Amsterdam-based climate tech startup Overstory has successfully raised $43 million in a Series B funding round. The company specializes in AI-driven vegetation management to mitigate power outages and prevent wildfires. The investment round was led by Blume Equity, with contributions from notable firms including Energy Impact Partners, B Capital, Semapa Next, Pale Blue Dot, CapitalT, and Convective Capital, along with existing investors such as Bentley Systems, MCJ, and Moxxie Ventures.

This funding will enable Overstory to further develop its AI risk management models, expand its Wildfire Intelligence tool, and accelerate international growth. The platform employs satellite imagery and machine learning to accurately assess risks associated with tree and vegetation-related disruptions, allowing utilities to conduct proactive maintenance and reduce the occurrence of wildfires.

Industry Overview

The climate tech industry, particularly in the Netherlands, has been rapidly evolving as businesses and governments increasingly prioritize sustainability in response to climate change. The Netherlands is recognized for its strong commitment to climate initiati