Billionaire Tom Styers and investment partner Katie Hall have led the latest funding round for technology start-up Regrow Ag, which aims to help accelerate the shift to climate-friendly farming.
Their Galvanize Climate Solutions was joined in the $38 million Series B fundraising by Salesforce founder Marc Benioff's TIME Ventures and Rethink Impact, alongside existing investors including trader Cargill and Microsoft's M12.
"Agriculture needs resilience not just to put food on our plates today, but to support a liveable planet for future generations," said Regrow co-founder and chief executive Anastasia Volkova. Companies and others keen to see it happen, such as state-backed institutions, meanwhile, want to be sure they are getting what they pay for and not wasting money on a farmer who hasn't actually changed methods and cut emissions.
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