Nala Earth Lands €3.8M for Nature Risk Platform Expansion

Nala Earth, a company founded in 2023 by Nick Zumbhl, Nicolas Somogyi, and Anna Alex, has secured €3.8 million in seed funding led by IRIS Capital, with participation from KOMPAS VC and existing investors. The capital infusion aims to enhance Nala Earth's platform, which helps companies assess their impact on nature and manage risks related to nature loss and biodiversity. The funding will accelerate product development and recruitment to expand operational capacity and enhance the platform's capabilities for corporate nature and biodiversity management. The urgency for integrating nature into corporate decision-making is underscored by increasing regulatory requirements such as the Corporate Sustainability Reporting Directive. Companies now face mandates to disclose environmental impact. Nala Earth enables streamlined compliance with such regulations by cutting reporting timelines significantly. The firm already collaborates with notable European corporations like Volkswagen and BASF, managing over 3,000 hectares of nature. IRIS Capital and KOMPAS VC express strong confidence in Nala Earth's potential to revolutionize corporate biodiversity management, as substantial portions of global GDP depend on healthy ecosystems, presenting both risks and opportunities to industries. The investment also aligns with global financial disclosure initiatives, enhancing strategic biodiversity management in light of high-profile environmental challenges faced by major companies, such as Tesla's factory-related groundwater shortages.