Paris, France-based CarbonFarm Technology has raised a €2.5 million ($2.6 million) seed round to help decarbonize rice farming through satellite-verified carbon credits.
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Paris-based CarbonFarm, a company investigating how “regenerative agriculture [can become] profitable for farmers while helping corporations achieve their net-zero goals”, backed by the likes of ESA, recently seeded 2.6m$ to decarbonize rice production
The round included participation from Racine2, operated by Serena and Makesense; TechMind, Ponderosa, AgFunder, Climate Capital, and BPI France.
CarbonFarm Technology will use the new funds to expand across the world’s biggest regions for rice cultivation including Asia, Africa and South America.
Carbonica’s business strategy investigates the same principles and will help farmers across the 3 national ecosystems (CY, GR, NMK) become profitable through CFA. Moreover, though, Carbonica’s brain gain strategy will broaden the existing knowledge and capacity of the CFA and concurrently will enhance transparency in the certification of carbon credits towards building trust among various stakeholders