Klim Raises $22M in Record-Breaking Series A to Revolutionize Regenerative Farming Across Germany

November 12, 2024
Klim Raises $22M in Record-Breaking Series A to Revolutionize Regenerative Farming Across Germany
  • This new capital will support Klim's international expansion, enhance its platform, and introduce a financial services layer to aid the agricultural transition.

  • Regenerative farming is positioned as a sustainable alternative to conventional methods, offering benefits for soil health, biodiversity, and carbon emission reductions.

  • The funding round was led by BNP Paribas, with participation from several notable investors including Earthshot Ventures, Rabobank, and AgFunder.

  • Founded in 2020, Klim provides food companies with scalable solutions to decarbonize their agricultural supply chains.

  • The company takes a commission on carbon credits sold through its marketplace, allowing farmers to profit from carbon farming alongside traditional sales.

  • CEO Robert Gerlach emphasizes the urgency of transitioning to regenerative practices due to declining soil health and carbon levels globally.

  • Klim, a Berlin-based agri-tech startup focused on regenerative farming, has successfully raised $22 million in Series A funding, marking Germany's largest AgriTech Series A round of 2024.

  • Currently, over 3,500 farmers are utilizing Klim's platform, which covers approximately 700,000 hectares, or 5% of Germany's farmland.

  • Major clients such as Nestlé, Kaufland, and Aryzta demonstrate strong industry support for Klim's mission.

  • Klim's platform allows farmers to track their progress in carbon sequestration, enabling them to earn revenue from carbon credits.

  • With global food production responsible for at least 25% of greenhouse gas emissions, Klim's approach aims to mitigate this impact through regenerative agriculture.

  • Martijn Scholtes from Rabobank highlighted that systemic change in agriculture requires the involvement of the entire food ecosystem, aligning with Klim's objectives.

Summary based on 2 sources


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