Hohonu Inc. Secures $1.8M in Pre-Seed Funding Round
Hohonu, Inc., an award winning Hawaiʻi-based climate tech startup, announced it has completed a $1.8 million pre-seed funding round to scale its efforts to provide actionable data and insights to mitigate coastal flooding both nationally and internationally including Asia and the Pacific.
The company is working to develop reliable technology and systems to acquire trustworthy and actionable data at scale. This data can then be used to help communities adapt to climate change. Through constant and extensive R&D, Hohonu uses the latest technologies in hardware, software, and data science to collect and deliver water level data. This precision monitoring and data analytics can forecast flooding, helping communities prepare before the water hits.
Since their inception, the company has deployed their real-time and low-cost technology in 95 locations across the U.S., capturing over 900,000 hours of water level data across 12 coastal states. Its existing customers include sub-agencies of the National Oceanic and Atmospheric Administration (NOAA), Environmental Consulting Firms, Coastal Managers, and Environmental NGOs.
The $1.8 million pre-seed round was filled out by climate and ocean-focused investors such as Builder’s Vision, Elemental Excelerator, TELUS Pollinator Fund for Good, and Sustainable Ocean Alliance. Also participating were Susquehanna Foundation, Blue Startups, Echo River Capital, and angel investors such as Reece Pacheco and Justin Stevens of Overlap Holdings.
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