Climate change agritech Loam Bio raises $40 million in series A
Summary
The technology supercharges a plant’s natural ability to store carbon in soil after farmers coat their seeds with the inoculum, a common and simple agricultural practice. Loam Bio investigated 1500 microbial strains to find the ones with the power to remove vast amounts of carbon and restore farmland, discovering organisms that are new to science along the way. “While reducing emissions around the world is paramount, Loam, with its powerful vision and promising technology, has great potential to play an important part in decarbonising the planet,” he said. Chris Liu from Horizons Ventures said the believe Loam’s microbial platform is a rare and unique nature-based solution “that can supercharge the decarbonisation of the economy worldwide. “This could revolutionise farming methods by improving soil health, building stronger resistance to drought in a changing climate, and playing an important part in accelerating the transition towards net zero emissions,” he said.