Insight Terra has raised $5.7 million in an extended Series A funding round, led by E3 Capital, with additional support from Fireball Capital, Atlantic Bridge, Globalive, and JLR Star.
This investment will help expand its AI-powered platform designed to monitor greenhouse gas emissions and manage geotechnical risks. With the funding, Insight Terra will expand its commercial and technical teams and increase adoption across various industries.
Insight Terra offers a cloud-based data management platform that provides environmental risk analysis and actionable insights. This platform enables businesses to effectively monitor and reduce their environmental impact. It also caters to industries that require strict adherence to international standards and safety protocols.
In South Africa, which is structurally affected by climate change, the platform helps reduce potential environmental and human impacts. By transforming real-time data into actionable insights, the platform enhances operational safety and ensures compliance with regulatory standards.
With this investment, Insight Terra will solidify its presence in Africa and expand into new markets. The company aims to make a significant contribution to global sustainability initiatives by providing sophisticated monitoring tools to address the growing demand for data-driven solutions in the fight against climate change.
Alastair Bovim, Co-Founder and CEO of Insight Terra, commented on the investment: “This investment will allow us to fast-track the enhancement and growth of our platform’s capabilities, addressing the complex monitoring, reporting, and verification challenges that industries worldwide encounter.”
Andrew Darge, who led the transaction for E3 Capital, stated about the technology: “The advanced capabilities of the Insight Platform establish it as a frontrunner in addressing climate-related risks within Africa’s key industries. This investment aligns perfectly with E3’s mission to promote low-carbon solutions in emerging markets.”