The round was led by Lowercarbon Capital and includes Collaborative Fund, Grantham Environmental Trust's Neglected Climate Opportunities Fund and iSelect Fund.

The funding will be used to increase production capacity as well as further technology innovation of Kula Bio's technology. Other investors in the round include Pillar VC, Embark Ventures and BOPU.

Kula Bio is a leader in sustainable nitrogen solutions. Founded in 2018 and built upon peer-reviewed research developed at Harvard University, the company has developed a patent-protected, next generation nitrogen biofertilizer that works seamlessly for farmers. With a natural and powerful solution, Kula Bio enables farmers to meet their crop yield goals while improving their operations' sustainability.