Key Takeaways
- Seqana has closed a EUR 3.2 million funding round led by Pymwymic, joined by existing investors HTGF and Counteract, to advance its soil carbon MRV (Monitoring, Reporting and Verification) technology.
- The funding will be used to extend Seqana's measurement capabilities beyond soil carbon into a broader set of soil health indicators and carbon pools.
- Seqana has co-authored key voluntary carbon market standards, including Verra's VM0042 v3 methodology and Gold Standard's SOC Model Guidelines, and counts Danone, eAgronom, Klim, and Bayer among its customers.
- Soil degradation is estimated to cost the EU EUR 50 billion annually, with more than 60% of European soils classified as unhealthy, according to the European Commission.
- The round combines venture and debt capital, including a startup loan from Landwirtschaftliche Rentenbank, and builds on prior grant funding from the European Space Agency.
Seqana Closes €3.2 Million Funding Round Led by Pymwymic
Seqana, a digital MRV company that quantifies soil health using satellite imagery and machine learning, has announced the close of a EUR 3.2 million funding round led by Pymwymic, with participation from existing investors HTGF and Counteract. The investment will further Seqana's work on soil carbon quantification and extend it into a broader set of soil health indicators, giving food, fiber, and fuel companies and carbon market project developers data to measure both climate impact and supply chain resilience.
“Carbon is core to what we do, and it stays that way. It's how the market first learned to put a value on soil, and the discipline our measurement is built on. What this round adds is the ability to manage the rest of what healthy soil delivers: yield stability, product quality and ultimately supply chain continuity. Together, that gives companies a far fuller picture of the ground their supply depends on,” said Stefan Goenner, co-founder and CEO of Seqana.
Why Soil Health Is Becoming a Financial Risk
Soil carbon is described as a keystone indicator of overall soil health and remains one of the most scalable natural carbon sinks available. Measuring carbon accumulation across agricultural land helps assess soil health while also determining the success of regenerative agriculture interventions on the voluntary carbon market.
Soil degradation is estimated to cost the EU approximately EUR 50 billion annually, with more than 60% of European soils classified as unhealthy, according to the European Commission. The link to agricultural supply chain resilience has also become quantifiable: during the 2023 droughts in Europe, French farms using advanced regenerative practices lost just 8% of their yields, compared with 22% on the least regenerative farms.
Seqana's Soil Carbon MRV Approach
Founded in Berlin in 2020, Seqana pairs proprietary machine learning models with ground-truth data and satellite imagery to build tools such as Digital Soil Maps that quantify soil health for project developers and agrifood companies. The company has helped shape standards governing the voluntary carbon market by co-authoring Verra's VM0042 v3 methodology and Gold Standard's SOC Model Guidelines.
Seqana's customer base includes Danone, eAgronom, Klim, and Bayer, with the company's tools having assessed millions of hectares to date. With the new funding, Seqana plans to accelerate development of its soil carbon MRV tooling while extending measurement capabilities to additional soil health indicators and carbon pools, aiming to give customers a clearer view of how their regenerative agriculture programs are performing.
Investor Backing and Funding Structure
The round is led by Pymwymic, an Amsterdam-based impact-focused venture capital fund whose portfolio spans precision agriculture and adjacent sectors, including Aurea Imaging, Kilter, and Resurrect Bio.
“Seqana is turning soil organic carbon from an invisible asset into a measurable one. We are proud to back a technology with the potential to transform how agricultural resilience is understood and rewarded,” said Monique Meulemans, Partner at Pymwymic.
The round combines venture capital and debt capital, including a startup loan from Landwirtschaftliche Rentenbank, and builds on earlier investment from Counteract and HTGF, alongside prior grant funding from the European Space Agency.
