logo
logo

Breakthrough Energy Ventures Leads $12M Seed Investment In Arkeabio To Develop And Commercialize Technology Reducing On-Farm Methane Emissions

Dec 12, 2022•over 2 years ago

Amount Raised

$12 Million

Round Type

seed

BostonAgriculture and Farming

Investors

Breakthrough Energy Ventures

Description

Arkea Bio Corp. (ArkeaBio), a pioneer in developing technology to reduce greenhouse gas (GHG) emissions from the agricultural sector, today announced the successful close of a $12 million Seed Series financing round led by Breakthrough Energy Ventures (BEV).

Company Information

Company

Arkeabio

Location

Boston, Massachusetts, United States

About

ArkeaBio A pioneer in developing technology to reduce greenhouse gas (GHG) emissions from the agricultural sector Our Mission ArkeaBio is using innovative vaccine technologies to create solutions to reduce the on-farm methane emissions responsible for 6% of global GHG emissions. ArkeaBio technology will be integrated into proven delivery systems and farming practices to safely reduce global methane emissions from multiple ruminant species across a variety of geographies and agronomic systems. Our Vision Our vision is to eliminate the on-farm methane emissions from ruminant animals (including cattle sheep and goats) that are responsible for 6% of global greenhouse gas emissions.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People