Klim Raises $22M in Record-Breaking Series A to Revolutionize Regenerative Farming Across Germany
November 12, 2024This 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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Sources
TechCrunch • Nov 12, 2024
Germany's Klim raises $22M to take its regenerative farming platform international | TechCrunchTech.eu • Nov 12, 2024
Klim raises $22M in Germany's largest agritech Series A of 2024