Key Takeaways
- Miraterra raised $16 million CAD in an oversubscribed funding round led by At One Ventures, with participation from Farm Credit Canada, S2G Investments, Sitka Foundation, and iSelect.
- The funding builds on Miraterra's 2025 acquisition of Trace Genomics' assets, including intellectual property, analytical tools, and laboratory facilities in Ames, Iowa.
- Miraterra's platform combines Raman spectroscopy, machine learning, and AI to measure soil's biological, chemical, and physical properties through its “Digitizer” device.
- The company will use the funding to expand its platform beyond soil to include plants and food measurements while scaling global operations and AI capabilities.
- Miraterra's technology aligns with Canada's Bill S-230, the National Strategy for Soil Health Act, currently under Senate committee consideration.
Miraterra Secures Oversubscribed Funding Round
Vancouver-based agricultural technology company Miraterra announced the successful close of a $16 million CAD financing round, exceeding its original target of $13.9 million. At One Ventures led the oversubscribed round, with follow-on financing from Farm Credit Canada and additional investments from S2G Investments, the Sitka Foundation, and iSelect.
“We're so grateful to our incredible investors for stepping up to support us in this round,” said Nate Kelly, CEO of Miraterra. “Building on our acquisition of Trace Genomics' assets, this funding empowers us to scale our platform that gives the land a voice by translating soil's biological and chemical intelligence into actionable insight through AI, genomics, and spectroscopy.”
Technology Integration Following Trace Genomics Acquisition
The funding builds on Miraterra's strategic 2025 acquisition of Trace Genomics' assets, bringing the pioneering U.S. soil biology company's technology, laboratory facilities in Ames, Iowa, and team under Canadian operations. The integration enhances Miraterra's platform that combines mineralogical, hydrological, and biological measurements into a single system.
