The Technology team advised Boomitra on an investment of $4 million, led by Yara Growth Ventures with participation from Chevron Technology Ventures, Jerry Yang, Tom Steyer and Kat Taylor.
Boomitra, founded in 2016 as ConserWater, is working on accelerating carbon removal from the atmosphere on a global scale, through agricultural soils. It operates an international soil carbon market where corporations and governments are able to get the lowest-cost internationally certified carbon removal credits, and farmers around the world are incentivized to increase soil organic carbon, sequestering CO2.
Yara Growth Ventures is the corporate venture investment group within Yara International, a leading crop nutrition company.
Chevron Technology Ventures pursues and invests in externally developed technologies and new business solutions that have the potential to enhance the way Chevron produces and delivers affordable, reliable, and ever-cleaner energy.For more details, read the press release.