Andes Completes $30M Series A To Permanently Remove Carbon Dioxide From The Air And Convert It Into Minerals

Mar 16, 2023•almost 3 years ago

Amount Raised

$30 Million

Round Type

series a

AlamedaScience And EngineeringOther

Investors

Kd TAndesAccelr8Germin8VenturanceKd T VenturesCavallo VenturesLeaps By BayerYamaha Motor VenturesVoyager Vc

Description

Andes, a climate tech startup using beneficial microorganisms to combat climate change, today announced it has raised an additional $15M bringing its Series A to $30M. To date, the company has raised a total of $38 million from investors including Voyager VC, Yamaha Motor Ventures, Leaps by Bayer, Cavallo Ventures, KdT Ventures, Venturance, Germin8, and Accelr8. The new capital enables Andes to offer its carbon removal credits to organizations of all sizes, expand partnerships with farmers, and continue to develop its innovative microorganism technology.

Company Information

Company

Andes

Location

Alameda, California, United States

About

Andes is a climate tech startup based in Alameda, CA with a passion for leveraging science and technology to stop further escalation of the negative impacts caused by climate change. Through enhancing a natural process, Andes' beneficial microorganisms remove carbon dioxide from the atmosphere and convert it into minerals in the soil. Andes' microorganisms seamlessly integrate with traditional agricultural practices to pave the way for high permanence, low-cost carbon removals that will lower our planet's atmospheric CO2 at gigatonne scale in years, not decades. In conjunction with its carbon removal technology, Andes is developing its biological nitrogen technology, which is seamlessly integrated with seeds, enabling farmers to transition to reliable, eco-friendly products. The company has raised a total of $38 million from investors Voyager VC, Yamaha Motor Ventures, Leaps by Bayer, Cavallo Ventures, KdT, Venturance, Germin8, and Accelr8.

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