Regrow Ag, a technology platform empowering food and agriculture companies to achieve net-zero carbon goals in their supply chains and measure and verify their progress, has announced a $38 million Series B funding round.
The round is led by Tom Steyer, a billionaire, and Katie Hall’s Galvanize Climate Solutions. New investors include TIME Ventures, the venture capital fund set up by Salesforce founder Marc Benioff, and Rethink Impact, the largest U.S.-based venture capital firm focused on female leaders solving global problems. The round has also been supported by existing investors, including Cargill, Main Sequence Ventures, Ajax Strategies, Neglected Climate Opportunities (NCO), Microsoft’s M12 and others.
Food and agriculture contribute 26 percent of global carbon emissions. Industry leaders such as Kellogg’s, Cargill and General Mills partner with Regrow to create and implement strategies for