MyLand Raises $23M to Revolutionize Soil Health with Microalgae Technology
Summary
Unlike traditional soil amendments that require costly inputs or complex infrastructure, MyLand seamlessly integrates into existing farm operations, offering a practical and scalable service that enhances crop productivity, water efficiency, and long-term soil vitality.As growers contend with mounting financial pressures, increasing water scarcity, and the far-reaching consequences of climate change, MyLands regenerative model presents a compelling solution. By restoring the soils natural biology, the company helps farmers maximize yields with fewer resources, ensuring both economic resilience and environmental sustainability.This funding follows an earlier $20 million Hardware-as-a-Service (HaaS) loan facility secured from PaceZero Capital Partners in October 2024. Additional investors in this round include existing backers such as Climate IC, the Borden Family Trust, multiple Climate IC LPs, and FarmClub Investments.With a strong presence across California, Texas, Arizona, Washington, Oregon, and Alberta, MyLand is now set to scale its impact, deepening its footprint in North America while exploring new opportunities for global expansion. The proven results of our service delivering strong economic returns to farming partners across geographies, soil types, and crops demonstrate the critical role MyLand plays in modern agriculture. Soil is an essential natural resource, and our ability to rapidly rebuild it has far-reaching benefits: improved water and nutrient efficiency, enhanced nutrition, greater climate resilience, and better livelihoods for the farmers and ranchers who provide the food on our tables.We are excited to make this investment in MyLand and to join the board of directors, said Scott DeVos, Managing Director of Proterra Investment Partners.