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Regrow Ag, the main know-how platform empowering meals and agriculture firms to attain net-zero carbon targets of their provide chains and measure and confirm their progress, has introduced a $38M Collection B funding spherical. Meals and agriculture contribute 26% of world carbon emissions. Trade leaders resembling Kellogg’s, Cargill and Common Mills associate with Regrow to create and implement methods for lowering their greenhouse fuel footprint.
The spherical is led by Tom Steyer and Katie Corridor’s Impress Local weather Options. New traders embrace TIME Ventures, the VC fund arrange by Salesforce founder Marc Benioff, and Rethink Influence, the biggest US-based VC agency centered on feminine leaders fixing international issues. The spherical has additionally been supported by present traders together with Cargill, Principal Sequence Ventures, Ajax Methods, Uncared for Local weather Alternatives (NCO), Microsoft’s M12 and others.
Funding comes throughout a time of large momentum for Regrow, elevated consideration to pure options as a robust device to cut back and to offset carbon emissions, and escalating commitments from main firms to set bold sustainability targets. Regrow’s platform offers trusted, impartial information to assist rising ecosystem markets. At present, Regrow’s international options energy regenerative ag applications on over two million acres and contact Scope 3 provide sheds protecting over 500 million acres.
Regrow’s enterprise SaaS platform, constructed upon a long time of peer reviewed tutorial analysis, offers probably the most complete answer for main firms to handle the carbon in their very own agricultural provide chains and confidently spend money on soil carbon-based options. Regrow continues to innovate and has launched three distinctive and highly effective new merchandise within the final 24 months, together with its industry-leading Monitoring, Reporting and Verification (MRV) platform.
Nathan Fries, Cargill Agricultural Provide Chain North America Sustainability Lead, said, “At Cargill we’re dedicated to constructing related provide chains, bringing collectively individuals from farm to fork to make sure we’re nourishing the world in a secure, accountable, and sustainable method. Regrow’s Monitoring, Reporting, and Verification (MRV) platform with its main science and know-how and ease of use for farmers is central to enabling Cargill’s international dedication to a sustainable provide chain.”
Veery Maxwell — associate at Impress and Co-Head of the Innovation & Growth Technique — famous, “Regrow has stuffed a spot out there with its all-in-one sustainable agriculture Monitoring, Reporting and Verification (MRV) options — unlocking a reputable path for agriculture to take part in ecosystem service markets on a worldwide scale. Regrow’s enterprise software program platform is making it attainable for all organizations dedicated to net-zero to leverage regenerative agriculture to satisfy their commitments.”
“This new spherical of funding from main climate-focused traders is a giant milestone for Regrow and for the soil carbon MRV area at massive. We’re thrilled to enter this new stage of progress with the assist of an distinctive group of companions,” stated Anastasia Volkova, PhD, CEO and co-founder of Regrow.
“Agriculture wants resilience not simply to place meals on our plates immediately, however to assist a livable planet for future generations. At Regrow, we’re excited to be the trusted associate in delivering on organizations’ net-zero targets by leveraging the worldwide alternative of regenerative agriculture.“
Regrow will use the funding to deepen the attain of its buyer applications in key food-producing areas throughout the globe, connecting extra farmers to the advantages of regenerative agriculture and income streams offered by ecosystem markets. Regrow will proceed to spend money on strengthening its partnerships, empowering extra organizations on their path to net-zero, and rising some of the certified and passionate groups within the {industry}.
For these of you feeling the local weather emergency and desirous to help in fixing it, try the open positions at Regrow throughout product and engineering, gross sales and advertising, soil carbon and ecosystem sciences.
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