- CH4 Global raises $29 million in Series B funding, led by DCVC, DCVC Bio, and Cleveland Avenue.
- The funds will be used to build the CH4 Global EcoPark™, aimed at producing Methane Tamer™ at scale.
- Methane Tamer reduces cattle methane emissions by up to 90%, addressing a significant source of global greenhouse gas emissions.
CH4 Global, Inc., a climate tech company focused on reducing greenhouse gas (GHG) emissions in animal agriculture, announced today that it has successfully raised $29 million in a Series B funding round. The funding will be used to construct and validate the CH4 Global EcoPark™, an aquaculture and production facility designed to produce the company’s signature product, Methane Tamer™, on a large scale.
Addressing a Global Climate Challenge
The funding round was led by DCVC, DCVC Bio, and Cleveland Avenue and included participation from other investors with a keen interest in combating climate change. This brings CH4 Global’s total funding to nearly $47 million, highlighting the demand for practical solutions to reduce enteric methane emissions from ruminant livestock.
Methane emissions from the world’s 1.5 billion cows contribute more than 150 million tons of methane annually, making it the largest single source of methane emissions globally. According to the United Nations, methane is over 80 times more impactful than CO2 in global warming over the next two decades.
Innovative Solution: Methane Tamer™
Methane Tamer™ is a feed additive that uses a red seaweed called Asparagopsis to reduce methane emissions in cattle by up to 90%. The product also minimizes the feed energy lost to methane emissions. Steve Meller, PhD, co-founder and CEO of CH4 Global, said, “We are formulating our unique feed supplement products, Methane Tamer, to meet the specific needs of each cattle market segment, starting with feedlot operations, beef, and dairy, as well as for grazing dairies.”
Scaling Up for Global Impact
With the development of its CH4 Global EcoPark™, the company is set to expand its reach across all six inhabitable continents. “Their natural and proprietary solution to the vexing global problem of methane from cattle can have a material environmental impact quickly and at scale,” said Zachary Bogue, DCVC Co-founder and Managing Partner.
Cleveland Avenue, LLC will join the CH4 Global Board of Directors as part of this funding round. Randall Lewis, Managing Partner at Cleveland Avenue, LLC, expressed excitement about the opportunity to support CH4 Global’s mission.
Aligning with Global Climate Goals
Over 150 countries have signed the Global Methane Pledge to reduce methane emissions by 30%. The Intergovernmental Panel on Climate Change (IPCC) has stated that methane emissions must be reduced by 45% by 2030 to align with the Paris Agreement’s 1.5˚C target.
The Series B funding for CH4 Global marks a significant milestone in the global effort to mitigate climate change by addressing methane emissions from animal agriculture.
Image provided by CH4 Global