Momentum around regenerative farming is sweeping the globe, with an increasing focus on our agricultural soils for carbon removals in order to meet global net-zero targets.

Climate and fintech company Agreena has raised €46 million in its Series B round of funding. Led by Germany’s HV Capital, the round also included new investors such as AENU and Anthemis, as well as existing shareholders such as Gullspång Re:food, Kinnevik, and Denmark’s Export and Investment fund.

Agreena will use the funds to expand its soil carbon platform and develop new fintech solutions. The platform allows farmers to participate in carbon markets by planning, tracking, and validating their regenerative agriculture practices.

How it works

By embracing regenerative agriculture practices, farmers can take on a pivotal role in addressing pressing environmental challenges like climate change and food insecurity. Agreena has devised a way to turn this impact into an additional revenue source for farmers, enabling them to finance their transition through the carbon market.

Through Agreena’s digital platform, farmers can chart, monitor, and verify their progress toward a regenerative approach, which involves shifting from emitting CO2 to sequestering and storing it in their soils. By improving soil health and boosting biodiversity, farmers can decrease their reliance on inputs and build resilience to adverse climate conditions, such as flooding and drought, leading to an overall improvement in farm operations.

Over the past year, Agreena has expanded its geographic footprint, covering farmland in 16 European countries, and partnered with farms to transition over 600,000 hectares towards climate-positive, regenerative farming, thereby scaling its activities by 10 times.

Agreena’s certificates and downstream services support climate-focused companies and food supply chains requiring field-level traceability of agricultural commodities.

The company’s acquisition of remote sensing firm Hummingbird Technologies has allowed it to expand its agridata services beyond farmers to include supply chain players and governments.

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