Danish climate and fintech firm Agreena, has announced a Series B raise of €46 million to further scale its soil carbon platform.
The round was led by HV Capital and includes AENU, Anthemis with existing shareholders Gullspång Re:food, Kinnevik and Denmark’s Export and Investment fund.
Last year Agreena raised a €20 million Series A round and since it claims it has scaled its activities tenfold. Agreena’s platform supports farmers to plan, track and validate improvements for their regenerative journey, in the process of transitioning from emitting CO2 to drawing CO2 down and storing it within their soils.
Currently its geographic footprint covers farmland in 16 European countries where it has partnered with farms to help them transition more than 600,000 hectares towards climate-positive, regenerative farming.
“In order for the world’s farmers to transition to regenerative agriculture and create a scalable climate impact, the financial rails to support and pay them for it need to be built”, said Simon Haldrup, Co-founder and CEO of Agreena. “Agreena is building out technological and financial services infrastructure throughout the agriculture value chain as the industry increasingly becomes a focal point for decarbonisation efforts.”
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