PHOENIX, AZ – MyLand Company Inc. (“MyLand”), a soil health company, has successfully closed its Series B funding round, raising a total of approximately $23 million. This financing round has been spearheaded by a pair of distinguished investors, including Climate Innovation Capital (“ClimateIC”) and The Borden Family underscoring the impact of MyLand’s nature-based solution to modern, sustainable agriculture.
The successful Series B funding round is a transformative step for MyLand, providing the opportunity to extend its operations and innovative solutions to the fertile agricultural landscapes of the Pacific Northwest (PNW) and Texas. The capital infusion will further serve as a catalyst to accelerate the development and deployment of MyLand’s state-of-the-art technologies and services, which are designed to rapidly improve soil quality and productivity, promote sustainable farming practices, and foster amplified crop yields, reduced inputs, and healthier soil ecosystems.
“We are absolutely thrilled to announce the closure of our Series B funding round, a testament to the proven value and potential that MyLand offers to the agricultural sector,” stated Dane Hague, Co-Founder and CEO of MyLand. “This financing will fuel our expansion, enabling us to bring our vision of resilient and sustainable farming practices to even more communities and regions.”
The lead investors in this round – ClimateIC and The Borden Family – have all recognized the pivotal role that MyLand plays in addressing the pressing challenges confronting modern industrial agriculture. The investment group exemplifies a shared commitment to advancing soil health, mitigating environmental impacts, and promoting the adoption of a more sustainable food production system.
Paul Atkinson, Co-Founder and Managing Partner at ClimateIC stated, “We are excited to join forces with MyLand as they embark on their expansion plans. Their innovative, service-driven approach to soil health closely aligns with our investment philosophy, centered on delivering significant financial returns while accelerating the deployment and adoption of solutions that deliver meaningful, sustainable decarbonization across the economy. We believe strongly in the MyLand team and expect that their persistence and unique technology will drive success and meaningful change.”
The funds secured in this round will empower MyLand to expand its service footprint, fortify its innovation initiatives, expand its team of specialists, and forge strategic alliances that facilitate the adoption of its groundbreaking solutions throughout the agricultural sector. MyLand remains resolute in its dedication to endowing farmers with data-driven insights and service-based solutions that improve soil health and bolster agricultural productivity, laying the foundation for a more sustainable future.
MyLand is a soil health company. MyLand’s innovative and patented technology and unique Soil as a Service approach allows farmers to easily and rapidly implement regenerative agriculture practices and improve their soil health by harnessing the land’s own native ecosystem, because No Two Farms are Alike. MyLand partners with farmers to infuse life into their soil, helping to return farms to their most fertile state, achieving greater productivity and enhanced profitability. By improving soil health, MyLand is helping to tackle two of the world’s biggest challenges: food security and climate disruption. For additional information on how MyLand is transforming soil health globally, visit MyLand.ag.
Shelley Baugh, MyLand
Vice President, Marketing & Culture
Source: AgNewsWire - https://agnewswire.com/2023/09/06/myland-soil-health-innovator-secures-23-million-in-series-b-funding-led-by-prominent-investors-for-expansion-of-its-unique-soil-as-a-service-platform/