Regenerate Ventures has made an investment in Agreed Earth, an agtech company that helps farmers reduce their reliance on nitrogen through regenerative farming techniques.
The new funding will be used by Agreed Earth to develop reference clients in the UK, where the addressable market for its services is estimated to be £800 million. Some 25% of greenhouse gas emissions come from agriculture and reducing them is a global challenge. The company plans to expand across Europe, and to the US, in order to exploit the £81 billion market this represents.
Regenerate Ventures specialises in investing in companies that have technologies to help farmers produce food with less impact on the environment. It was supported with participation from Carbon 13.
Agreed Earth uses remote sensing technology to accurately generate an auditable health index, based on the usage of nitrogen containing chemicals. This means farmers can monitor their progress towards operating a lower nitrogen farm and it allows banks to lend to them more easily by reducing the risk associated with their loan books because farms are less likely to go bankrupt in the long-term. The service also enables banks to comply with the SDR (sustainable disclosure requirements) imposed by the Financial Conduct Authority.
