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AgTech Company, Terramera Raises USD 6M In A Seed Round
AgTech Corporate Funding Round

AgTech Company, Terramera Raises USD 6M In A Seed Round

AgTech company, Terramera announced the creation of enrichAg, a new majority-owned subsidiary that will concentrate on commercializing its platform for soil enrichment. One Ventures, a venture capital firm focused on climate technology, led the seed round with a $6M USD investment. The financing will hasten the introduction of enrichSoil, a ground-breaking product that provides 99% accurate real-time soil analysis. The first technology, EnrichSoil, allows farmers and agronomists to independently check the amounts of nutrients like nitrogen (N), phosphorus (P), potassium (K), and carbon (C). Through its sponge-like structure, carbon, a crucial measure of soil health, boost soil’s ability to store water. In 2023, a limited first commercial launch is scheduled, and the year will see ongoing deployment and development.

Agtech company, Terramera announced the creation of enrichAg, a new majority-owned subsidiary that will concentrate on commercializing its platform for soil enrichment. At One Venture (AOV), a climate technology venture capital firm that invests in businesses with innovative technologies that have the potential to have a substantial impact on planetary health is leading the seed round with a $6M USD investment. The investment will hasten the introduction of enrichSoil, a revolutionary product that provides 99% accurate real-time soil analysis findings (as opposed to existing procedures, which take many weeks to get results with just 40 to 60% accuracy). The most crucial element of the world food chain, soil health, may be understood and improved using EnrichSoil to maximize fertilizer use.

“Farmers lack the resources to accurately evaluate fertility levels across all of their crops. Lack of rate accuracy results in overapplication and fertilizer expenditure. Building soils is not only a crucial commercial resource for farmers, but it is also one of the best ways to slow down global warming. The key is rapid, accurate, and reasonably priced soil analysis,” according to Karn Manhas, founder and CEO of Terramera. “Soil tracking and analysis have not altered for decades. We don’t comprehend this important resource well enough. This is changed with EnrichSoil, allowing us to enrich our planet from the ground up.”

Image provided by Terramera

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