# Morfo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/morfo

- Industry: Environmental Services
- Headquarters: Paris, France
- Website: www.morfo.rest
- Total disclosed funding: $8.1M
- Latest round: Seed (Jun 18, 2024)
- Investors on record: 4

## About

Based in Paris, France, and founded in 2021, Morfo operates as an agricultural company that operates a reforestation artificial intelligence (AI) solution via its monitoring and drone technology. The company was founded by Adrien Pages, Hugo Asselin, and Pascal Asselin. In June 2024, Morfo raised EUR 4 million in seed funding led by returning investor Teampact Ventures, with participation from other returning investors Demeter Partners, RAISE, and AFI Ventures. Individual investors also participated in the round. As of 2022, the firm operates for the mining industry, landlords, and corporate climate strategy. The agricultural technology platform offers ecological monitoring, drones, and artificial intelligence in reforestation. It offers agritech solutions that include seeds and seedpodding. The ecological analysis offered by the firm focuses on biodiversity and climate change mitigation. The firm also offers high-speed drone planting and has also collaborated with the local population for seed collection, site preparation, and follow-up with local care. The company will use the funding to open its first testing facility and accelerate its growth and business operations.

## Funding rounds

- Seed, Jun 18, 2024, $4.3M — Demea Invest, RAISE, Alliance For Impact Ventures, Teampact Ventures
- Seed, Dec 7, 2022, $3.8M — Demea Invest, RAISE, Alliance For Impact Ventures, Teampact Ventures

## Investors

- Demea Invest (https://capitalatlas.ai/funds/demea-invest) — Seed
- RAISE (https://capitalatlas.ai/funds/raise) — Seed
- Alliance For Impact Ventures (https://capitalatlas.ai/funds/alliance-for-impact-ventures) — Seed
- Teampact Ventures (https://capitalatlas.ai/funds/teampact-ventures) — Seed