Andes Raises Additional $15M Series A
ALAMEDA, CA, Andes, a climate tech startup using beneficial microorganisms to combat climate change, today announced it has raised an additional $15 million bringing its Series A to $30 million.
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.
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.
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