Asia Pacific > Australian carbon farming start-up raises A$105 mln in funding round, gets further CEFC backing

Australian carbon farming start-up raises A$105 mln in funding round, gets further CEFC backing

Published 05:31 on February 14, 2023  /  Last updated at 05:31 on February 14, 2023  / /  Asia Pacific, Australia, Bavardage, Voluntary

The Australian government’s Clean Energy Finance Corporation (CEFC) has invested A$9 million ($6.3 mln) in local biotechnology company Loam Bio as part of the start-up’s successful A$105 mln Series B funding round to enhance CO2 removal with its microbial technology for cropping systems, the company announced on Tuesday.
The Australian government’s Clean Energy Finance Corporation (CEFC) has invested A$9 million ($6.3 mln) in local biotechnology company Loam Bio as part of the start-up’s successful A$105 mln Series B funding round to enhance CO2 removal with its microbial technology for cropping systems, the company announced on Tuesday.


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