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Michelmores is pleased to have advised Wilder Sensing, a developer of software for biodiversity monitoring using audio and Artificial Intelligence (AI), on securing a £300,000 equity investment from the South West Investment Fund, via appointed Fund Manager The FSE Group. This is the latest of several businesses that Michelmores has advised in respect of an investment received from the South West Investment Fund, with it proving to be a vital source of funding for some of the region’s most exciting scale-ups.
This forms part of a £700,000 investment round that also includes Oxford Innovation Finance and Cambridge Angels. The new funding will enable Wilder Sensing to create new jobs, increasing its capacity to deliver cutting-edge solutions in biodiversity data collection and analysis.
Wilder Sensing’s platform has already attracted a range of customers, including Somerset Wildlife Trust, ecological consultancies and a variety of farming businesses who are committed to improving biodiversity on their farms, as well as a project for BBC’s Springwatch.
Geoff Carss, chief executive and co-founder of Wilder Sensing, said:
“The biodiversity collapse is one of the top global risks identified by the World Economic Forum, with over half of the world’s GDP relying on nature. Our technology addresses the urgent need for accurate, scalable, and unbiased biodiversity monitoring around the world. This investment will enable us to enhance our platform and expand our reach, helping industries and government bodies make informed decisions backed by solid data.”
The Michelmores team advising on the deal was Partner Harry Trick and Senior Associate Adam Marques-Quint, both from the Firm’s Corporate team.
Adam comments:
“We are delighted to have worked with Wilder Sensing on securing this milestone funding, helping to further the firm’s AI technology and address the urgent need for biodiversity monitoring around the world. Wilder Sensing’s environmental aims are very much in line with Michelmores’ own and we are glad that we could assist them on this journey to preserving our planet’s finite resources.”
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