Hohonu, a startup based in Hawaiʻi that generates actionable data and insights to protect communities from future flooding, recently announced that it has successfully raised $1.8 million in pre-seed funding.
The funding will be used to expand its efforts in providing valuable data and insights to mitigate coastal flooding in Asia, the Pacific, and other areas worldwide. Hohonu has already deployed its low-cost real-time technology in 95 locations across the U.S., capturing over 900,000 hours of water level data across 12 coastal states.
The company’s current clients include the National Oceanic and Atmospheric Administration (NOAA) sub-agencies, Environmental Consulting Firms, Coastal Managers, and Environmental NGOs. In addition, Hohonu partners with local nonprofits to better understand how its technology can benefit local communities. For example, it has partnered with Kuaʻaina Ulu ʻAuamo (KUA) and PMF in Hawai’i to help restore Hawaiian fishponds.
Investors filled the pre-seed funding round focused on climate and ocean initiatives, such as Builder’s Vision, Elemental Excelerator, TELUS Pollinator Fund for Good, and Sustainable Ocean Alliance, as well as Susquehanna Foundation, Blue Startups, Echo River Capital, and angel investors such as Reece Pacheco and Justin Stevens of Overlap Holdings.
