Eco-tech drone company Lord of the Trees raises $1.6 million for global reforestation

 Eco-tech company Lord of the Trees (LOTT) has raised US$1.25 million (AUD $1.6 million) in a pre-seed round led by US venture capital firm Draper Associates, with funds to bolster the Sydney-based business' mission of using precision drone technology to restore ecosystems worldwide.

The fresh cash injection has increased LOTT's valuation to $7 million and was backed by billionaire venture capitalist Tim Draper who has previously invested in global brands like Tesla, SpaceX, Twitter, Skype and Hotmail.

The majority of LOTT’s new funding comes from Draper Associates’ ESG (environmental, social, and corporate governance) fund, which supports tech startups that possess environmental principles and have the potential to transform industries for the better.

Read More: https://www.businessnewsaustralia.com/articles/eco-tech-drone-startup-raises--1-6-million.html




Comments

Post a Comment

Popular posts from this blog

HOW DO YOU APPLY DISCOUNTS ON INVOICES?

Image
 Hi all, Discounts are one of the best tools to grab the attention of buyers as a business owner. I have used this technique to attract new buyers and sell more to my existing customers. It helps to increase sales and brings high profits that are effective in improving the cash flow. However, you need to make the adjustment in your invoices accordingly. First, you need to understand whether it is a cash discount or a trade discount and then you have to apply on the invoices. It is necessary to make the adjustment to GST as well. Here is an article that will explain this.     https://www.agibookkeeping.com.au/how-do-you-apply-discounts-on-invoices/
Read more

Peter Warren Automotive to acquire Penfold Motor Group for $104m

Image
 Peter Warren Automotive Holdings (ASX: PWR) is making good on the acquisition strategy outlined in the prospectus for its April 2021 listing, reaching a deal to acquire Melbourne-based family dealership Penfold Motor Group for $104 million. The acquisition is set to give Peter Warren immediate scale in Victoria thanks to Penfold's 10 sites in south and east Melbourne, comprising an $88 million cash payment and $16 million worth of new PWR scrip for the vendors. Read More: https://www.businessnewsaustralia.com/articles/peter-warren-automotive-to-acquire-penfold-motor-group-for--104m.html
Read more

Charter Hall secures half stake in Melbourne's Southern Cross Towers

Image
 Property investment manager Charter Hall (ASX: CHC) has announced the acquisition of a 50 per cent stake in the Southern Cross two-tower complex in central Melbourne for an undisclosed fee from current joint owners Brookfield and Blackstone. The Sydney-based real estate giant, which has a portfolio spanning 1,506 properties worth $61.3 billion, will take part-ownership of a combined 126,000sqm of high-quality office space through its subsidiary Charter Hall Prime Office Fund (CPOF). Located at 111-121 Exhibition Street, the Southern Cross Towers occupy a prominent corner position with frontages to Exhibition, Little Collins and Bourke streets and provide access to transport, entertainment and sports precincts. Read More: https://www.businessnewsaustralia.com/articles/charter-hall-secures-half-stake-in-southern-cross-towers.html
Read more