Waldo seed investment round germinating new forest industry solution

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Fast and efficient solution for land management companies and mills to manage and coordinate jobs while complying with forestry chain-of-custody requirements.

 

CHASSELL – Today, Waldo Solutions, Inc announces the successful closing of its pre-seed investment round with the addition of a strategic angel investor.

Logging is a multi-billion-dollar industry burdened with manual processes, particularly in the areas of wood security, inventory control and logistics. These inefficiencies result in significant cost increases and produce less than optimal results for truckers, loggers, mills and land management companies.

Through its Software-as-a-Service (SaaS) Platform and Mobile Application, Waldo enables seamless communication for improved planning, control, transparency, chain of custody, security, safety and reporting. Waldo compiles and transmits data electronically, eliminating the need for the current paper system, providing unparalleled efficiencies to all parties.

“Waldo is truly unique because our solution finally enables land management companies and sawmills to connect and conduct business electronically with all of the independent loggers and truckers who represent the vast majority of the supply chain,” says Waldo CEO Leo Huhta. “We are very excited to secure this investment round and proceed with achieving our next set of milestones.”

Waldo is an Upper Peninsula company and has been supported by MTEC SmartZone’s Transformative Technology Accelerator Program since shortly after the company’s inception in 2020. MTEC helped Waldo prepare its investment materials, provided introductions to strategic angel investors and its initial pilot customer, one of the largest timber land management companies in the United States.

“We are thrilled for the Waldo team,” said Patrick Visser, CCO of MTEC SmartZone. “Waldo’s solution really helps address an industry need and is a sophisticated, yet easy-to-use innovation for the forest industry, which has a major presence across the U.P.”

Waldo will be utilizing the new investment capital to enhance and scale its technology, expand the pilot program and form a sales team.

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Published in the Daily Mining Gazette here

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