Klim, a Berlin, Germany-based provider of insetting solutions for the food industry, raised $22M in Series A funding.
The round was led by BNP Paribas, with participation from Earthshot Ventures, Rabobank, Agfunder, Norinchukin Bank, Achmea Innovation Fund, Ananda Impact Ventures and Elevator Ventures, the VC of Raiffeisenbank International.
The company intends to use the funds to expand internationally, enhance its platform, and introduce a new financial services layer to further accelerate the transition.
Founded in 2020 by Dr. Robert Gerlach, Nina Mannheimer and Adiv Maimon, Klim is a leader in regenerative agriculture solutions for farmers and food companies to transition global food supply chains towards regenerative practices as quickly as possible. Through its digital platform, farmers are empowered with the tools they need to plan, execute, and finance their transition to regenerative practices. This enables farmers to restore soil health, improve farm resilience and biodiversity, capture carbon, and reduce farm emissions.
Already, more than 3,500 farmers are using the platform, cultivating over 700,000 hectares of land, representing 5% of German farmland. Klim’s vertically integrated solution is used by CPGs such as Nestlé, Kaufland, and Aryzta among its clients.
FinSMEs
12/11/2024