Athian, an Indianapolis, IN-based livestock carbon credit marketplace, raised an undisclosed amount in funding.
The round was led by DSM Venturing, and California Dairies. In connection with these investments, Scott Horner, Regional Managing Director North America at DSM Venturing, and Darrin Montiero, Vice President of Sustainability at CDI, will join the Athian Board of Directors in an observer capacity.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Paul Myer, Athian provides a carbon credit insetting platform that will enable livestock farmers who implement sustainable practices to earn revenue to fund those initiatives. The system aggregates, validates, and certifies, greenhouse gas (GHG) reductions, and monetizes those reductions through the sale of carbon credits which offer value to the supply chain as important carbon assets related to Scope 3 emissions.
Previous investors in the company included Elanco Animal Health Incorporated (NYSE: ELAN), Tyson Ventures and Newtrient LLC.
FinSMEs
02/05/2023