# Timbeter OÜ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/timbeter-ou

- Industry: Software
- Headquarters: Tallinn, Estonia
- Website: www.timbeter.com
- Total disclosed funding: $1M
- Latest round: Seed (Jan 28, 2020)
- Investors on record: 5

## About

Timbeter OÜ develops technology solutions that enhance transparency and sustainability in the forestry industry, focusing on efficient timber resource management through innovative software applications.Founded in 2013, Timbeter OÜ is headquartered in Tallinn, Estonia. The company focuses on creating technology solutions for the forestry sector. The CEO and Founder, Anna-Greta Tsahkna, leads the company, which has completed a total of two funding deals. The most recent deal was in June 2022, where Timbeter raised EUR 500,000 led by FII Institute. This funding has contributed to the total amount raised by the company, which stands at EUR 500,000.Timbeter specializes in technology solutions for the forestry industry, offering a timber resource management platform that utilizes artificial intelligence for measuring log diameters and calculating volumes via smartphone or tablet photographs. Their services support timber inventory management, logistics planning, and legal compliance against illegal logging. Timbeter's cloud-based dashboard allows real-time data access, facilitating streamlined operations for forestry companies and governmental bodies globally, including regions in Europe, North America, and parts of Asia.In the most recent year, Timbeter reported revenue of EUR 675,105.80 and an EBITDA of EUR 193,329.80. The company primarily generates income through subscription-based services for its software solutions, allowing clients like timber producers and governmental agencies to utilize their technology on a recurring basis.Following the EUR 500,000 funding round in June 2022, Timbeter OÜ aims to enhance its GreenTech solutions to combat illegal logging. The company is also looking to expand its market reach into new geographic regions, with specific targeting of areas where sustainable forestry practices are increasingly in demand. The funding will support these initiatives, contributing to the development of new product offerings designed to strengthen timber management.

## Funding rounds

- Seed, Jan 28, 2020, $1M — TMT Investments, Wiser Financial Advisors, Change Ventures, .Contriber Ventures, EigenKapital

## Investors

- TMT Investments (https://capitalatlas.ai/funds/tmt-investments) — Seed
- Wiser Financial Advisors (https://capitalatlas.ai/funds/wiser-financial-advisors) — Seed
- Change Ventures (https://capitalatlas.ai/funds/change-ventures) — Seed
- .Contriber Ventures — Seed
- EigenKapital — Seed