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Climate Tech Meets Fintech: Agreena Raises €46M to Transform Agriculture in Europe

Agreena co-founders
Image credit: Press release

•    Agreena, operating at the intersection of climate tech, agritech, and fintech, raised a €46M series B from German investor HV Capital, new investors including impact fund AENU and fintech-focused Anthemis, and a doubling-down from existing shareholders.

•    The company manages over 70,000 ha in Romania and 170,000 ha in the Republic of Moldova.

•    The new funding will be used to expand the soil carbon platform and support regenerative agriculture in Europe.

 

Regenerative farming is gaining momentum around the world as a way to build resilience in our food systems by improving soil, yield, and the quality of food, while restoring lost biodiversity and fighting climate change. In the context of decarbonization, regenerative agriculture can help reduce and remove existing carbon via soil sequestration. 

Founded in 2018, in Copenhagen, Denmark, with seed funding from Danish farmers and agricultural families, Agreena started as an online commoditing training marketplace. It has since evolved into one of the first soil carbon certification programs in Europe. Currently, they are working in close collaboration with farmers in 16 European markets.

The company’s vision has changed, as well, to removing economic barriers of regenerative agriculture for farmers and their communities via the growing market of fintech solutions. 

A growing tech stack to support agriculture stakeholders

The company supports farmers in their transition to regenerative agriculture by helping them issue and sell third-party verified carbon certificates onto the voluntary carbon market to companies wanting to offset their emissions. The Agreena Carbon Certification is accredited to the ISO 14064-2 standard, with a third-party verified methodology aligned to IPCC science. 

Farmers can use the Agreena digital platform to track, validate, and plan for improvements along their journey to reduce CO2 emissions and storing it within the soil. 

“In order for the world’s 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. Agreena is building out technological and financial services infrastructure throughout the agriculture value chain as the industry increasingly becomes a focal point for decarbonization efforts,” says Simon Haldrup, Co-founder and CEO of Agreena. 

Recently, Agreena expanded their tech stack and services after acquiring remote sensing company Hummingbird Technologies. Now, the company’s platform incorporates an AI-enabled monitoring and verification solution based on satellite imagery, which it couples with machine learning and ground data to identify, report on, and improve regenerative agriculture practices. With its new technologies, Agreena has been expanding its offering beyond farmers, to serve supply chain players and governments with agridata services.

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https://therecursive.com/author/antoanelaionita/

Antoanela is a Sustainability Communications Specialist and Deputy Editor at The Recursive media. From these roles, she is helping organizations communicate their latest sustainability goals, strategies, and technologies. She writes about climate tech, ESG, impact investment, sustainability regulation, and related topics.