Agreena Receives €46 Million Investment

Agreena, a fintech startup focused on climate technologies, has raised €46 million. HV Capital led this Series B investment round. The investment round of the climate technologies startup; Denmark-based Export and Investment Fund, AENU, Kinnevik, Anthemis and Gullspang Re:food. The Danish startup will use the investment to reduce carbon emissions. In addition, R&D studies in the field of fintech will be carried out with the investment.

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Agreena Aims for Growth in Western Europe

Climate tech startup; founded in 2019. Agreena was launched by Ida Boesen and Julie Karl Koch Fahler. The startup has developed a platform that absorbs carbon dioxide from the atmosphere and stores carbon in systems called carbon sinks in the fields. Thanks to this platform, carbon is converted into credits. The company has operated in 16 countries since its establishment. 600 thousand hectares of carbon has been converted into credits. The startup focuses on an important point about industrial agriculture.

Farmers have recently turned to industrial agriculture, referred to as regenerative agriculture. The aim of industrial agriculture is to avoid resource depletion. Therefore, farmers need alternative and new ways of financial payment. Agreena comes into play at this point. In order for the system to become active, farmers first need to log in to the Agreena platform and register their information about their land. The next step is to plan how the harvest will take place. Immediately afterwards, it is determined how much carbon the land emits to the environment.

Agreena, which aims to grow in Western Europe, announced that it acquired UK startup Hummingbird Technologies in 2022 to ensure the healthy progress of its work. Hummingbird Technologies, which works in the field of artificial intelligence, will be able to monitor and verify satellite images.