On May 13, 2025, Veritree announced the successful closing of its $9.1-million (US$6.5-million) Series A financing round led by Vancouver’s Pender Ventures, with additional investments from Montréal-based Diagram Ventures and existing investors Garage Capital and Northside Ventures. Veritree plans to use the funding to accelerate roll out of its artificial intelligence monitoring and analysis features, develop integrations to enhance auditing and accessibility and move into new ecosystems across South America and Asia.
Veritree, based in Vancouver, B.C., empowers businesses to integrate verified restorative actions into their business model, focusing on five types of nature restoration: agroforestry, seaforestation, mangrove, post-wildfire recovery and terrestrial or general reforestation projects across Canada, the United States and around the world.
Pender Ventures is a Vancouver-based venture capital investor focused on B2B software and health tech startups at the inflection point between commercialization and scale.
Osler, Hoskin & Harcourt LLP advised Veritree with a team consisting of Justin Young, Jacques Du Plessis, Martin Smith, Arkie Liu, Rebecca Garner (Emerging and High Growth Companies) and Kim Maguire (Tax).
Key Contact
Partner, Emerging and High Growth Companies, Vancouver
Team
Partner, Emerging and High Growth Companies, Vancouver
Associate, Emerging and High Growth Companies, Vancouver
Associate, Emerging and High Growth Companies, Vancouver
Associate, Emerging and High Growth Companies, Vancouver
Partner, Tax, Vancouver
