{"id":498,"date":"2023-04-03T09:59:00","date_gmt":"2023-04-03T09:59:00","guid":{"rendered":"https:\/\/proteh.md\/?p=498"},"modified":"2023-07-31T15:10:52","modified_gmt":"2023-07-31T15:10:52","slug":"farmers-fintech-agreena-raises-e46m-to-scale-the-regenerative-revolution","status":"publish","type":"post","link":"https:\/\/proteh.md\/?p=498","title":{"rendered":"Farmers’ fintech Agreena raises \u20ac46M to scale the regenerative revolution"},"content":{"rendered":"\n\n\n

Climate and fintech company\u00a0Agreena<\/a>, whose soil carbon platform is one of the largest globally, today announced its Series B raise of \u20ac46M. Led by Germany\u2019s leading multi-stage investor HV Capital, the round has an exciting composition of new investors including impact fund AENU and fintech-focused Anthemis. The equity raise is also supported by a doubling-down from existing shareholders, including evergreen food investor Gullsp\u00e5ng Re:food, well-established tech investor Kinnevik and Denmark\u2019s Export and Investment fund.<\/p>\n\n\n\n

The sizable raise comes just one year after the company\u2019s \u20ac20M Series A. Since then, Agreena has scaled its activities 10X, expanded its geographic footprint to cover farmland in 16 European countries, and partnered with farms to help them transition more than 600,000 hectares towards climate-positive, regenerative farming.<\/p>\n\n\n\n

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\u201cIn order for the world\u2019s 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,\u201d said Simon Haldrup, Co-founder and CEO of Agreena. \u201cAgreena is building out technological and financial services infrastructure throughout the agriculture value chain as the industry increasingly becomes a focal point for decarbonisation efforts.\u201d<\/p>\n<\/blockquote>\n\n\n\n

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Momentum around regenerative farming is sweeping the globe, with corporates, governments and supply chains turning their focus to our agricultural soils for carbon removals in order to meet global net-zero targets. Through the adoption of regenerative agriculture practices, farmers will play an increasingly essential role in tackling climate change, food insecurity, and other critical environmental issues. Agreena has developed a way to turn this impact into a new and additional revenue stream for farmers to help finance the transition by leveraging the carbon market.<\/p>\n\n\n\n

Via the company\u2019s digital platform, farmers plan, track and validate improvements for their regenerative journey, in the process transitioning from emitting CO2 to drawing CO2 down and storing it within their soils. The improved soil health and biodiversity reduce the need for inputs while enhancing farmers\u2019 resilience to increasingly adverse climate conditions (such as drought or flooding), enhancing the overall operational performance of farms. On the other side of the equation, Agreena\u2019s certificates and downstream services support climate-focused companies already working to decarbonise, as well as companies in the food supply chain increasingly requiring field-level traceability of their agricultural commodities to comply with Scope 3 reporting requirements.<\/p>\n\n\n\n

Scaling with Technology<\/strong>
The recent acquisition of remote sensing company Hummingbird Technologie<\/a>s<\/a> has enabled Agreena to expand its offering beyond farmers to encompass agridata services for supply chain players, governments and other institutions. Prioritising a science-based and technology-first agenda, Agreena\u2019s platform now incorporates a world-leading, AI-based monitoring and verification solution that utilises satellite imagery, coupled with ground-truth data and machine learning to identify and report on-farm regenerative agriculture practices. Offering global monitoring, the company is on a mission to take the lead in supporting the road to net zero for the full value chain.<\/p>\n\n\n\n

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\u201cReal climate impact is only created at scale and Agreena is perfectly positioned to distribute their carbon farming capabilities across the globe to bring high-quality, verifiable and nature-based carbon credits to the market. Only with carbon removals, can net zero targets be met,\u201d said Alexander Joel-Carbonell, partner at HV Capital.<\/p>\n<\/blockquote>\n\n\n\n

From Farmer to Fintech<\/strong>
Deeply rooted within the agricultural community, Agreena was originally founded with seed investment from Danish farmers and agricultural families. The company\u2019s next phase introduces a vertically integrated platform and marketplace. Working first with farmers in the field to monitor the carbon impact, the resulting certificates are constructed into scalable portfolios for corporates, tailored to their unique ESG strategy.<\/p>\n\n\n\n

The company is taking a lead in providing the technological rails for the growing market with innovative financial solutions. Examples include using sustainable blockchain technology for enhanced traceability and transparency of carbon credits, and e-money and smart contracts to facilitate payment exchanges between climate-conscious corporates and farmers with immediate reconciliation at scale.<\/p>\n\n\n\n

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\u201cWe are on a journey to remove the economic barriers to adoption of regenerative agriculture for farmers and their entire ecosystem \u2013 carbon is just the beginning,\u201d concluded Haldrup.<\/p>\n<\/blockquote>\n\n\n\n

About <\/strong>Agreena<\/strong><\/a>
Agreena unlocks the power of soil carbon removals and natural capital to finance the transition to regenerative agriculture. Working in close collaboration with partner farmers across 16 European markets and growing, AgreenaCarbon is the world\u2019s leading soil carbon platform. Combined with market leading satellite monitoring technologies, Agreena\u2019s solutions can support farmers, companies, and governments on the road to net zero.<\/p>\n\n\n\n

About Agreena\u2019s Carbon Certification<\/strong>
Agreena\u2019s programme is accredited to the ISO 14064-2 standard, with a third-party verified methodology that is aligned to IPCC science. The company is standards-inclusive and will continue to evolve its offering as policies and science continue to develop. Further, the company is currently undergoing certification with Verra, completion of the process is expected later this year.<\/p>\n\n\n\n

About <\/strong>HV Capital<\/strong><\/a>
HV Capital is one of the most successful and financially strongest early-stage and growth investors in Europe. Since 2000, HV Capital has invested in around 225 internet and technology companies such as Zalando, Delivery Hero, Flixbus, and HelloFresh through various generations of funds and is continuously looking for the next generation of disruptors from every industry, including FinTech, SaaS, climate tech, and consumer goods. The company supports startups with capital between \u20ac500,000 to \u20ac50 million and is one of the few venture capital firms in Europe that can finance startups through all growth phases.<\/p>\n","protected":false},"excerpt":{"rendered":"

Climate and fintech company\u00a0Agreena, whose soil carbon platform is one of the largest globally, today announced its Series B raise of \u20ac46M. Led by Germany\u2019s leading multi-stage investor HV Capital, the round has an exciting composition of new investors including impact fund AENU and fintech-focused Anthemis. The equity raise is also supported by a doubling-down […]\n","protected":false},"author":1,"featured_media":480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"_links":{"self":[{"href":"https:\/\/proteh.md\/index.php?rest_route=\/wp\/v2\/posts\/498"}],"collection":[{"href":"https:\/\/proteh.md\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/proteh.md\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/proteh.md\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/proteh.md\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=498"}],"version-history":[{"count":4,"href":"https:\/\/proteh.md\/index.php?rest_route=\/wp\/v2\/posts\/498\/revisions"}],"predecessor-version":[{"id":604,"href":"https:\/\/proteh.md\/index.php?rest_route=\/wp\/v2\/posts\/498\/revisions\/604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/proteh.md\/index.php?rest_route=\/wp\/v2\/media\/480"}],"wp:attachment":[{"href":"https:\/\/proteh.md\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/proteh.md\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/proteh.md\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}