German Agtech Startup Klim Secures $22M in Series A Round to Advance Regenerative Farming
Berlin-based agri-tech startup Klim has secured $22 million in what the company has declared Germany’s biggest Series A financing for startups in this sector, according to GlobalAgInvesting. Klim, a platform to help farmers transition to regenerative ag practices at scale, plans to direct the proceeds toward expanding beyond Germany and bolstering its range of financial services to farmers. Recently, Klim secured food giant Nestlé as a partner to help scale regenerative food systems.
Led by European banking giant BNP Paribas, Klim’s latest Series A round also extended to European and U.S.-domiciled impact investors and venture capitalists. The backer lineup included Earthshot Ventures, Rabobank, Agfunder, Norinchukin Bank, Achmea, Ananda Impact Ventures and Elevator Ventures and Raiffeisen Bank International’s VC arm.
Klim CEO and Co-Founder Robert Gerlach stated on LinkedIn, “This milestone is a tribute to the pioneering farmers and food industry partners such as Nestlé, Kaufland, ARYZTA and many others who are making the regenerative transformation of our food system happen today.”
Read more at GlobalAgInvesting.
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