Jan. 30, 2025
MyLand, a leading innovator in soil health, announced that it has closed $23 million in funding in a round led by Proterra Investment Partners LP. This influx of capital will support MyLand's rapid, contracted growth with both new and existing growers across the U.S. and into international markets, underscoring the importance of soil as the foundation of sustainable agriculture.
"This funding, secured in a highly challenging market and at an incremental valuation, is a testament to the growing recognition that soil health is foundational to agricultural success," said Dane Hague, Co-Founder and CEO of MyLand. "The proven results of our service--delivering strong economic returns to farming partners across geographies, soil types, and crops--demonstrate the critical role MyLand plays in modern agriculture.
"Soil is an essential natural resource, and our unique ability to rapidly rebuild it has far-reaching benefits: improved water and nutrient efficiency, enhanced nutrition, greater climate resilience, and better livelihoods for the farmers and ranchers who provide the food on our tables."
MyLand's innovative service harnesses the power of live, native microalgae to rejuvenate soil health, improving productivity, profitability, and sustainability for growers. Unlike conventional methods, MyLand integrates seamlessly into existing farm operations, providing a scalable, farmer-friendly service that delivers measurable improvements across key metrics like crop yields, product quality, water efficiency, and soil vitality.
As the agricultural industry faces mounting financial challenges, water scarcity, soil degradation, and the impacts of climate change, MyLand's solution offers a simple and scalable path forward. By improving soil health, MyLand empowers farmers to produce more with fewer resources, contributing to a more resilient and sustainable food system.
"We are excited to make this investment in MyLand and to join the board of directors," said Scott DeVos, Managing Director of Proterra Investment Partners. "We have been continually impressed by the positive and tangible feedback we have received from growers implementing the MyLand service, as well as by the team that MyLand is building. We believe the opportunity is significant for MyLand, and we look forward to helping the company achieve its growth and profitability goals."
This $23 million financing follows a $20 million Hardware as a Service loan facility from PaceZero Capital Partners in October 2024. Additional investors in the round included existing shareholders, namely Climate IC and the Borden Family Trust, multiple Climate IC LPs, and FarmClub Investments. Collectively, this funding will enable MyLand to scale operations and expand its reach in key agricultural regions. With a strong presence in California, Texas, Arizona, Washington, Oregon, and Alberta, MyLand is poised to deepen its impact on North American agriculture while exploring opportunities for growth in new markets.
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