Agreena, a climate and fintech company specializing in soil carbon platforms, has raised €46 million in a Series B funding round. The funding round was led by HV Capital and saw participation from new investors such as AENU and Anthemis. Agreena aims to help farmers transition to regenerative agriculture, create scalable climate impacts, and become a leader in supporting the road to net zero. The company’s recent acquisition of Hummingbird Technologies has enabled it to expand its offering beyond farmers to encompass Agri data services for supply chain players, governments, and other institutions. With the Series B funding, Agreena will continue expanding its global carbon farming and carbon reduction initiatives while developing new fintech solutions.
Agreena, a climate and fintech company, has raised €46 million in a recent Series B funding round. The round was led by German venture capital firm HV Capital, with participation from new investors such as impact fund AENU, fintech-focused Anthemis, and existing shareholders. Agreena aims to become a leader in supporting the road to net zero for the full value chain, helping farmers transition to regenerative agriculture while creating a scalable climate impact.
Regenerative farming is gaining momentum worldwide as corporates, governments, and supply chains focus on agricultural soils for carbon removals to achieve global net-zero targets. Through the adoption of regenerative agriculture practices, farmers can play an increasingly essential role in addressing climate change, food insecurity, and other critical environmental issues. Agreena has developed a way to turn this impact into a new and additional revenue stream for farmers to help finance the transition by leveraging the carbon market.
Using its digital platform, farmers can plan, track, and validate improvements for their regenerative journey, transitioning from emitting CO2 to drawing CO2 down and storing it within their soils. Improved soil health and biodiversity reduce the need for inputs while enhancing farmers’ resilience to increasingly adverse climate conditions, enhancing the overall operational performance of farms.
Agreena’s recent acquisition of remote sensing company Hummingbird Technologies has enabled the company to expand its offering beyond farmers to encompass Agri data services for supply chain players, governments, and other institutions. Agreena’s innovative financial solutions include using sustainable blockchain technology for enhanced traceability and transparency of carbon credits, e-money, and smart contracts to facilitate payment exchanges between climate-conscious corporates and farmers with immediate reconciliation at scale.
Agreena’s Series B funding will enable the company to continue expanding its global carbon farming and carbon reduction initiatives while developing new fintech solutions. As Alexander Joel-Carbonell, partner at HV Capital, noted, “real climate impact is only created at scale, and Agreena is perfectly positioned to distribute their carbon farming capabilities across the globe to bring high-quality, verifiable, and nature-based carbon credits to the market. Only with carbon removals can net-zero targets be met.”
Image provided by Agreena
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