Thursday
June 24
2021

Boomitra Raises $4 Million from Yara Growth Ventures

By Prabhjeet Bhatla

In the near future, the company seeks to enable farmers to be a key part of the solution to addressing climate change

The US-based Boomitra announced an investment of $4 million, led by Yara Growth Ventures.

Boomitra is working on accelerating carbon removal from the atmosphere on a global scale, through agricultural soils. It operates an international soil carbon market where corporations and governments are able to get the lowest-cost internationally certified carbon removal credits and farmers around the world are incentivized to increase soil organic carbon (SOC), sequestering CO2.

Source: Entrepreneur (link opens in a new window)

Categories
Agriculture, Environment
Tags
accelerators, agribusiness, agriculture, climate change, environment, global development, sustainability