Athian (website), the world’s premier carbon marketplace for the livestock sector, announced the successful completion of its seed funding round, with substantial investments from two strategic partners, DSM Venturing and California Dairies, Inc. (CDI). DSM Venturing is the venture capital branch of Royal DSM, a global organization focused on Health, Nutrition, & Bioscience. Meanwhile, CDI is the largest cooperative of dairy farmers in California and the second largest in the United States.
Athian’s pioneering carbon credit inset program has received a significant boost with the investment from DSM Venturing and California Dairies Inc and earlier investors such as Elanco Animal Health Incorporated (NYSE: ELAN), Tyson Ventures, and Newtrient LLC. This groundbreaking innovation offers livestock producers economic incentives for implementing on-farm sustainability practices, thereby improving global food system sustainability and mitigating climate change.
Athian’s carbon credit insetting platform allows livestock farmers to generate revenue for sustainability initiatives. By aggregating, validating, and certifying greenhouse gas (GHG) reductions, Athian monetizes these reductions by selling carbon credits. These credits provide value to the supply chain as crucial carbon assets related to Scope 3 emissions.
“Athian strives to help the beef and dairy value chains in capturing and claiming carbon credits earned through sustainability efforts,” said Paul Myer, Chief Executive Officer of Athian. “By aligning with investors like CDI, DSM Venturing, and others within the livestock industry, we are presented with a unique opportunity to promote sustainability practice changes through carbon incentives.”
Following these investments, Scott Horner, Regional Managing Director of North America at DSM Venturing, and Darrin Montiero, Vice President of Sustainability at CDI, will be on Athian’s Board of Directors in an observer capacity. Their presence on the board will bolster Athian’s commitment to promoting sustainability in the livestock sector by leveraging the potential of the carbon marketplace.
Photo by Annie Spratt on Unsplash
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