Australia
May 24, 2022
At Regrow Ag, we are thrilled to announce a $38M Series B today led by the amazing Veery Maxwell at Galvanize Climate Solutions and with the participation of climate-aligned investors Rethink Impact and TIME Ventures of Marc Benioff. I am grateful for the partnership of our customers, the dedication of our team and the conviction of our investors, all who make it possible for regenerative agriculture benefits to become accessible to more farmers and acres around the world.
When we officially announced the creation of Regrow Ag in February last year, after the merger of two companies leading in their respective fields (agronomic decision support for FluroSat and soil carbon modeling for Dagan), it is with great enthusiasm that the market received the news! For our teams, partners, and investors this was a leap of faith. We put our career’s work on the line to try to create what everyone knows needs to be created - a way to make agriculture part of the solution to the climate crisis. Regrow makes it possible through an independent, scalable, and rigorous platform connecting ecosystem benefits generated on the farm to supply chains incentives. We enable farmers to get paid and corporations to decarbonize.
Why is this critical? Because soil carbon must be on the list of go-to climate solutions.
Not just for agriculture and the food industry. For the ecosystem, for clean water and air, for biodiversity. For all of us. For the sake of a livable planet.
Part of the Regrow team at the quarterly company offsite in New England, USA (March 2022)
Going back to the analogy of the “leap of faith”, we weren’t “in the air” for long. We hit the ground running! The last year has seen tremendous momentum for Regrow: we’ve announced major partnerships, released new products, and grown our team over 100%.
We are privileged to serve the market in which leading companies see as their duty to do the right thing for everyone involved - the producers, the ecosystem, and the consumers. We feel humbled and honored to be a part of shaping the industry’s regenerative future and accelerating the progress towards more sustainable production and more resilient ecosystems.
We want to thank our partners and customers for their leadership in setting ambitious net-zero goals, commitment to developing robust ecosystem markets, and implementing regenerative agriculture programs to help make agriculture part of the solution. We want to thank the market developers, non-profits, and partner solution providers who prioritize rigor and help to set the soil carbon markets to be on the trajectory of the “race to the top”. We strongly believe that with the right focus our combined effort will create a world where farmers are fairly compensated for their stewardship of the land, and the nutrition needs of the growing population are met in a way that is sustainable for our planet.
What's next for Regrow?
When we think about the next stage of growth for Regrow, we can’t be more excited to bring regenerative agriculture to more farmers and supply sheds around the world!
Over the next year, the Regrow team is looking to:
- Invest in our platform to deepen the reach of our customer programs in key food-producing regions across the globe while connecting more farmers to the benefits of regenerative agriculture and the revenue streams it provides.
- Work collaboratively with our global partners to create incentive programs that enable the participation of multiple buyers across the value chain.
- Open up markets to even more producers and agricultural systems across rangelands, dairy, perennial crops, and more.
We can’t (and won’t) wait to bring those urgently-needed solutions for the climate crisis forward — to help all businesses entrust in agrifood’s ability to transform itself and with it — the planet.
Series B is only the beginning for Regrow! We are already seeing how delivering scalable MRV solutions results in millions of acres participating in practice change programs. The heath of supply chains spanning hundreds of millions of acres around the world is monitored and taken into account when investments are made.
The world is changing. The way we grow food is changing. And we can literally see this change and empower our partners to accelerate it in the way that humanity needs them to.
It’s a ripe time for the food and agriculture sector to take its rightful place on the global decarbonization agenda. It’s time for it to gain the business community’s trust with transparency and rigor. It’s time for us all to remind ourselves (as JFK said) that “Things do not happen. Things are made to happen.”
At Regrow - we make them happen. Join us!
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