Italian Biodiversity Company 3Bee Raises EU 5 Million to Scale the Protection of Pollinators in Europe

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by KnowESG
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In a series A funding round, the Italian scale-up company 3Bee (a world with bees), which works to protect ecosystems and pollinators for both consumers and businesses, raised 5 million euros.

The startup, founded in 2017 by Niccolò Calandri and Riccardo Balzaretti, operates as a tech-enabled agent of impact solutions such as regeneration programmes for pollinator subsistence and ecosystem rebalancing for biodiversity survival in areas burdened by monocultures, cities, and industrialisation.

In Europe alone, biodiversity has declined by up to 20% in the last 20 years, with France and Germany losing up to 20% of their total number of species. France is ranked sixth on the list of countries with the most threatened species. (Source, IUCN red list).

The round was joined by Ag funder Grow impact fund, one of the world's most active food-tech and ag-tech VCs, Anya Capital, an Italian fund focused on impact venture, and ESA (European Space Agency), who allocated a capital of 700,000 euros for the study of biodiversity through satellites and multispectral imaging.

The company said it plans to use the money it just raised to improve its infrastructure for mapping biodiversity impact and technology data and to hire people in the international business development, awareness-raising programmes, and ESG service development verticals.

3Bee works with 500 brands in Italy in the logistics, real estate, fashion, food, retail, agriculture, and human care industries. The partnership with Genagricola, with whom 3Bee is developing pollinator-proof agriculture and photovoltaics, stands out.

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Source: PRNewswire

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