Australian Agtech company FarmLab has raised $750,000 from Venture Capital firm Artesian Ventures and their GRDC backed ‘GrainInnovate’ fund, and private investors the Prove Group to scale-up it’s soil management platform in light of the increasing focus on Carbon Offsets.
Carbon projects are expensive. A lot of that is due to the complexity of the governance and measurement requirements involved. Choosing the right software to use is all about ROI and reducing this cost. When a user develops a soil carbon project, they must take a series of steps to comply with registration.
Today marks World Soil Day, probably the most exciting day in my calendar (being the founder of a software company that maps and measures soil). This year our announcement makes it even more special. Today we launch our mission to help 1 million farmers sequester 1 billion tonnes of CO2 from the atmosphere by 2025, roughly equivalent to removing 217 million cars from the road in that same time.