# Veritree Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/veritree-technology

- Industry: Environmental Services
- Headquarters: Vancouver, Canada
- Website: www.veritree.com
- Total disclosed funding: $6.5M
- Latest round: Series A (Dec 1, 2024)
- Investors on record: 4

## About

Based in Canada, Veritree Technology Inc. is a provider of nature-based climate solutions, focusing on verified tree-planting initiatives that help businesses meet their sustainability goals and combat climate change.Veritree Technology Inc. was founded in 2021 and specializes in tree-planting initiatives that leverage real-time data to assess their impact. The company is headquartered in Vancouver, Canada. It has completed one funding round, raising a total of USD 6.5 mn in a Series A round on May 13, 2025, led by Pender Ventures, with participation from Diagram Ventures, Garage Capital, and Northside Ventures.Veritree specializes in providing nature-based climate solutions focused on tree planting initiatives for businesses. Their core product offerings include verified tree-planting projects, which utilize real-time data to measure the impact of reforestation efforts. The company addresses climate change by restoring ecosystems, protecting habitats, and sequestering carbon. Their services are targeted towards businesses looking to enhance their sustainability efforts, with over 20,000 clients across various sectors in North America and parts of Europe, who are committed to environmental stewardship.Veritree generates revenue primarily through partnerships and subscription-based models with businesses that wish to engage in tree planting and climate action. Clients can enter agreements to plant specific numbers of trees linked to their sustainability goals, often resulting in comprehensive service packages that include impact measurement and monitoring. This structured approach facilitates B2B transactions, allowing organizations to run campaigns such as planting a tree for every product sold, thus enhancing their brand reputation and customer loyalty.In May 2025, Veritree Technology Inc. raised USD 6.5 mn in Series A funding to expand its global reforestation projects, enhance monitoring technologies, and strengthen its data verification platform. The company plans to launch new products aimed at improving its service offerings and expanding into new markets, particularly in Europe and Asia, by the end of 2026.

## Funding rounds

- Series A, Dec 1, 2024, $6.5M — Pender Ventures, Diagram, Garage Capital, Northside Ventures

## Investors

- Pender Ventures (https://capitalatlas.ai/funds/pender-ventures) — Series A
- Diagram (https://capitalatlas.ai/funds/diagram) — Series A
- Garage Capital (https://capitalatlas.ai/funds/garage-capital) — Series A
- Northside Ventures (https://capitalatlas.ai/funds/northside-ventures) — Series A