Berlin's startup Klim, which partners with farmers, businesses, and consumers to combat climate change through soil-restorative, CO₂-capturing farming practices, has raised $22 million in a Series A round. This round is reportedly one of the largest raised by agritech startups in Europe this year.
- Founded in 2020 by Robert Gerlach, Nina Mannheimer, and Adiv M., Klim develops a digital platform designed to accelerate the transition to sustainable farming.
- The platform empowers farmers to adopt regenerative practices that reduce emissions within the agricultural supply chain through an "insetting" approach. By offering verifiable carbon credits through transparent marketplaces, Klim adds value to sustainability efforts in the farming and food sectors.
- Klim helps farmers generate Emissions Reduction and Removal (ERR) credits while providing tailored support, including partial funding, agronomic consulting, and region-specific workshops.
- The startup currently serves around 3,500 farmers across 700,000 hectares and collaborates with over 20 partners from the food industry, including Kaufland, and Aryzta.
Details of the deal
- Europe’s largest bank, BNP Paribas, led the Series A round. Other investors include Earthshot Ventures, Rabobank, AgFunder, Norinchukin Bank, Achmea, Ananda Impact Ventures, and Elevator Ventures—the VC arm of Raiffeisen Bank International, which recently launched a €70 million fund.
"Klim's digital platform, combined with a strong financial services component, positions them to rapidly scale and create meaningful impact across the agricultural landscape. We’re excited to be part of this journey," Managing Director at Elevator Ventures, Maximilian Schausberger, commented.
- With the fresh capital raised, the startup plans to expand its platform, reach more farmers globally, and accelerate the adoption of regenerative agriculture practices.
