MyLand, a number one innovator in soil well being, has introduced that it has closed $23 million in funding in a spherical led by Proterra Funding Companions LP. This inflow of capital will help MyLand’s fast, contracted progress with each new and current growers throughout the U.S. and into worldwide markets, underscoring the significance of soil as the muse of sustainable agriculture.
“This funding, secured in a extremely difficult market and at an incremental valuation, is a testomony to the rising recognition that soil well being is foundational to agricultural success,” stated Dane Hague, Co-Founder and CEO of MyLand. “The confirmed outcomes of our service — delivering robust financial returns to farming companions throughout geographies, soil varieties, and crops — display the important position MyLand performs in fashionable agriculture. Soil is an important pure useful resource, and our distinctive capacity to quickly rebuild it has far-reaching advantages: improved water and nutrient effectivity, enhanced vitamin, better local weather resilience, and higher livelihoods for the farmers and ranchers who present the meals on our tables.”
MyLand’s revolutionary service harnesses the facility of stay, native microalgae to rejuvenate soil well being, enhancing productiveness, profitability, and sustainability for growers. Not like typical strategies, MyLand integrates seamlessly into current farm operations, offering a scalable, farmer-friendly service that delivers measurable enhancements throughout key metrics like crop yields, product high quality, water effectivity, and soil vitality.
Because the agricultural business faces mounting monetary challenges, water shortage, soil degradation, and the impacts of local weather change, MyLand’s answer presents a easy and scalable path ahead. By enhancing soil well being, MyLand empowers farmers to provide extra with fewer assets, contributing to a extra resilient and sustainable meals system.
“We’re excited to make this funding in MyLand and to affix the board of administrators,” stated Scott DeVos, Managing Director of Proterra Funding Companions. “We’ve been frequently impressed by the optimistic and tangible suggestions now we have acquired from growers implementing the MyLand service, in addition to by the staff that MyLand is constructing. We consider the chance is critical for MyLand, and we stay up for serving to the corporate obtain its progress and profitability objectives.”
This $23 million financing follows a $20 million {Hardware} as a Service mortgage facility from PaceZero Capital Companions in October 2024. Extra buyers within the spherical included current shareholders, particularly Local weather IC and the Borden Household Belief, a number of Local weather IC LPs, and FarmClub Investments. Collectively, this funding will allow MyLand to scale operations and broaden its attain in key agricultural areas. With a robust presence in California, Texas, Arizona, Washington, Oregon, and Alberta, MyLand is poised to deepen its influence on North American agriculture whereas exploring alternatives for progress in new markets.
