We're excited to announce that Seqana has closed a EUR 3.2 financing round. This round is led by Pymwymic and joined by our existing investors HTGF and Counteract, with a startup loan from Landwirtschaftliche Rentenbank.

Over the past couple of years, we've assessed millions of hectares around the world, co-authored Verra's VM0042 v3, and worked to bring our MRV tools to the field with customers like Danone, eAgronom, Klim, and Bayer. This new round of funding is a chance to go further and faster on work that's already well underway to build a measurement data layer for soil health indicators including soil organic carbon.

What's next for Seqana?

Soil carbon remains the core of what we do. It's the most established soil health indicator in the market where the return on investment is most easily understood. The voluntary carbon market runs on soil carbon and it's the one our measurement infrastructure is built around. This won't change.

What this round adds is the ability to extend that same rigor to the broader picture of soil health as it pertains to supply chain resilience and the risk that climate change poses to fuel, fiber, and food companies' supply chains. The market is moving in that direction: soil degradation costs the EU an estimated EUR 50 billion per year, and the link to supply chain risk is becoming harder to ignore. According to a recent study which looked at the 2023 droughts in France, farms with advanced regenerative practices lost around a third of the yield that conventional farms lost.

Agrifood companies, lenders, and insurers are seeking answers on how soil health can provide insights on overall supply chain resilience. Soil carbon is the starting point for a larger story. Additional Soil health indicators can provide deeper insights on the value of the transition to regenerative agriculture and ensure that this value reaches the farmers doing the arduous work of implementing these changes.

For us at Seqana, the next chapter is clear: more scalable MRV tooling like Digital Soil Maps, a broader set of soil health indicators for supply chain resilience, and deeper coverage of carbon pools, all built on the same defensible foundation we've developed since 2020. Our CEO and Co-founder Stefan shares his perspective on what the next chapter will look like in this blog post.

Thank you to Pymwymic, HTGF, Counteract, and Rentenbank for backing this next chapter and all the exciting things to come. Onwards!

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You can read our full press release here. 

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