Klim funding news – Berlin-based Klim Secures $22 Million in Series A Round Funding
Nov 13, 2024 | By Kailee Rainse
Berlin-based startup Klim, which focuses on regenerative agriculture, has raised $22 million in Series A funding, making it the largest AgriTech Series A round in Germany this year.
SUMMARY
- Berlin-based startup Klim, which focuses on regenerative agriculture, has raised $22 million in Series A funding.
- Klim is bringing together farmers, businesses, and consumers to combat climate change by expanding regenerative agriculture.
Founded in 2020, it offers food companies an easy-to-use solution to help decarbonize and transform their agricultural supply chains.
Klim Platform Description
It’s digital platform provides farmers with the tools to plan, implement, and finance their shift to regenerative practices. This helps farmers restore soil health, improve farm resilience boost biodiversity, capture carbon and lower farm emissions.
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Robert Gerlach, CEO of Klim said, "Our food system is undergoing a monumental shift, with regenerative agriculture at its core, Food companies must lead this transformation, but they can't do without farmers. At Klim, we've developed a scalable, strategic approach to enable the regenerative transformation of the sector. By combining strong partnerships with food companies and a farmer-centric approach, Klim is powering the biggest agricultural transition since the Green Revolution, enabling an industry-wide shift and maximum positive impact."
Investor of the round
The funding round was led by BNP Paribas, with additional investment from Earthshot Ventures, Rabobank, AgFunder, Norinchukin Bank, Achmea, Ananda Impact Ventures, and Elevator Ventures.
Maximilian Schausberger, Managing Director at Elevator Ventures said, “Klim is solving one of the most pressing issues of our time—how to sustainably feed a growing population while restoring our planet's ecosystems. Their digital platform, combined with a strong financial services component, positions them to rapidly scale and create meaningful impact across the agricultural landscape."
Martijn Scholtes, Head of Corporate Venturing at Rabo Investments, "the investment arm of Rabobank, asserts that to drive systemic change, we need to involve the entire F&A ecosystem. It’s proposition aligns well with Rabobank’s ambition to assist rural clients transition to sustainable practices and to provide wholesale clients with options and effective tools for decarbonisation".
The new funding will help it expand internationally, improve its platform, and add new financial services to support the transition.
About Klim
Klim is bringing together farmers, businesses, and consumers to combat climate change by expanding regenerative agriculture. Their goal is to restore soil, capture CO₂, ensure food security, and protect biodiversity.