Swedish startup Agteria Biotech raises €6M to reduce methane emissions from cattle

Methane — 28 times more potent than carbon dioxide and responsible for 30 per cent of the current rise in global temperatures — has become a critical climate priority. 

Methane emissions from cattle accounts for 5 per cent of global greenhouse gas emissions. 

“Our goal from the start has been to create a solution that is not only effective but also scalable, affordable, and, above all, safe,” said Martin Blomberg, CEO of Agteria.

 “Methane levels in the atmosphere have never been higher, in 2024 global temperatures surpassed 1.5 degrees for the first time, and reducing methane is the most impactful short-term action we can take to combat warming.” 

Founded in 2023, Agteria has developed a patent-pending molecule that significantly reduces methane emissions from cattle. The solution is scalable, low-cost, and offers the highest methane reduction per euro. 

The company’s solution has already demonstrated high efficacy in several in-vivo trials, and has attracted strong interest from both beef and dairy companies as well as animal feed companies. 

Industrifonden and AgriZeroNZ led the round, with continued support from existing investors Norrsken Launcher and Mudcake. 

“Agteria’s progress in a short time is remarkable, driven by a small, highly ambitious, and energetic team. We’re excited to support their journey as they bring a unique, scalable, science-backed innovation with the potential to significantly reduce agricultural greenhouse gas emission.” said Mala Valroy, Investment Manager at Industrifonden 

“We’re actively scanning the world for innovative ventures to invest in to help farmers reduce emissions. We’re proud to back Agteria to accelerate the development of a practical, effective solution suitable for grazing systems in New Zealand and around the world,” said Wayne McNee, Chief Executive at AgriZeroNZ. 

The new funding will enable the company to advance toward regulatory approval for its novel methane-reducing products for cattle, focusing on essential safety studies for animals, consumers, and the environment.