Loam Bio raises $105m Series B to boost soil carbon sequestration

Virescent Ventures portfolio company, Loam Bio, is launching into the Australian market after years of product development and its latest A$105m Series B funding round. Loam is set to transform CO2 removal with its microbial technology for cropping systems.  

“Loam’s microbial technology enables greater volumes of carbon to be stored in soils for longer periods of time,” says Loam Co-founder and CEO, Guy Hudson.  

“Increasing the quantity and quality of carbon units farmers can produce per hectare, makes participating in carbon projects more economically valuable for farming enterprises.” 

Loam has officially launched their CarbonBuilder seed inoculum and SecondCrop carbon projects in the Australian market. 

Read the full article: https://agfundernews.com/loam-bio-raises-75m-series-b-from-lowercarbon-acre-others-to-boost-soil-carbon