CollectiveCrunch raised EUR 250k in seed financing.

CollectiveCrunch, an Espoo, Finland-based analytics company that utilizes machine learning to combine technical, climate and geo data for the benefit of industries such as forestry, announced that it completed a EUR 250k ($300k) in seed funding.

The equity round is part of a larger funding round involving debt and public funding. The equity round was led by Takeoff Partners and includes among the investors and advisors Jukka Sonninen, former head of SAP Finland, as well as other senior executives from the energy and forest sectors. Jukka Sonninen will act as chairman of the board of directors and and Kari Liukko becomes a board member.

CollectiveCrunch, founded by Jarkko Lipponen, Christof Danzl and Rolf Schmitz (CEO), built a software solution using machine learning algorithms to collect and process technical, climate and geo data for sophisticated future forecast models. The primary fields of activity of CollectiveCrunch are Smart Forestry and Logistics, where it helps optimize for instance the timing of wood harvesting and transport.

CollectiveCrunch has offices in Espoo, Berlin and Munich.