Nori partners with Bayer’s ForGround platform to scale its carbon marketplace through verified carbon removals

Date:10-26-2022

Nori has announced a collaboration with Bayer’s ForGround platform to scale Nori’s unique carbon removal offset marketplace.

″With this partnership, Nori looks forward to adding hundreds of thousands of Bayer-owned carbon removal offsets,″ said Paul Gambill, CEO and cofounder of Nori. ″Bayer’s recent announcement of its ForGround by Bayer platform makes our collaboration an ideal way to grow our marketplace and enhance our impact.″

ForGround by Bayer, through its first-of-its-kind platform, is designed to support farmers in their journey through the consideration, adoption, expansion of, and compensation for regenerative agriculture practices through a suite of different programs. In addition, Bayer is also looking to collaborate with companies like Nori that help mitigate climate change by turning farmers’ carbon friendly practices into carbon removal offsets.

″Key to Bayer’s vision is collaborating with innovative companies that are committed to advancing the carbon removal marketplace,″ said Leo Bastos, Head of Global Commercial Ecosystems at Bayer. ″Through working with groups like Nori, we’re able to enhance the offering within our ForGround platform to potentially enable even more growers to benefit from their environmentally sustainable farming practices.″

About Nori

Nori’s mission is to reverse climate change by developing market-driven solutions to remove the 1.5 trillion metric tonnes of legacy carbon dioxide from the atmosphere.

Since its founding in 2017, Nori has raised $4 million in seed financing led by Placeholder and a $7 million Series A led by M13. Nori’s strategic investors include Toyota Ventures, Cargill, and The Nature Conservancy. For more information, go to www.nori.com.