CarbonFarm Technology closes its Seed Funding with significant investment.
Paris, France , October 26, 2023 -- CarbonFarm Technology, a distinguished French climate-tech startup known for its expertise in satellite imagery and artificial intelligence, is delighted to announce the successful completion of its seed funding round, raising €2.5 million.
CarbonFarm Technology
CarbonFarm Technology is on a mission to decarbonize rice farming, one of the most crucial sectors for global food security and emissions reduction. Over the past year, the company has rapidly expanded its operations, collaborating with industry leaders on transformative projects across key rice-producing regions in Vietnam, India, Spain, Portugal, and Ghana. This funding will empower CarbonFarm Technology to extend its reach and impact, particularly in Asia, Africa, and South America, where innovative agricultural practices can significantly impact the environment.
At a glance
- Company
- CarbonFarm Technology
- Announcement
- Financing
- Location
- Paris, France
Key figures
- Seed funding
- €2.5 million
People
- Vassily CarantinoCo-founder and CEO
- James HastwellCo-founder and CTO
Products and programs
The company is enthusiastic about securing this funding, underscoring the growing recognition of CarbonFarm Technology's potential to decarbonize rice farming and bring innovative and equitable climate solutions to regions where they are most needed.
About the Company - CarbonFarm Technology
The company was co-founded in 2022 by Vassily Carantino, a visionary in the field of data science and sustainability, who now serves as the CEO, and James Hastwell, the company's CTO. Their dedication to creating innovative and equitable climate solutions is the driving force behind this groundbreaking venture.
CarbonFarm Technology
CarbonFarm Technology is committed to making regenerative agriculture sustainable for farmers. The company has already initiated Vietnam's first rice-based carbon project and is actively contributing as an MRV (Measurement, Reporting, and Verification) provider under the United Nations Development Programme's (UNDP) pioneering Article 6.2 carbon project in Ghana.
For more information about CarbonFarm Technology, visit CarbonFarm Technology.
Contact Info:
Name: Aparna Raturi
Email: Send Email
Organization: CarbonFarm Technology
Website: https://carbonfarm.tech/
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.
Questions around this news
What does MRV mean in a carbon project?
MRV stands for measurement, reporting, and verification. It is a process for tracking the results of a project, documenting them, and having the information checked. In carbon projects, MRV can help establish whether reported emissions reductions or removals are supported by evidence and follow the applicable methodology.
What is a carbon project under Article 6.2?
Article 6.2 of the Paris Agreement provides a framework for countries to cooperate voluntarily on climate action, including through transfers of emissions-reduction outcomes. Participating countries use accounting and reporting arrangements to help ensure that transferred outcomes are tracked and are not counted more than once toward climate targets.
Where has CarbonFarm Technology worked on rice-related projects?
The release says the company has collaborated on projects in Vietnam, India, Spain, Portugal, and Ghana. It also reports that it initiated Vietnam’s first rice-based carbon project and is serving as an MRV provider for a carbon project in Ghana under the UNDP’s Article 6.2 initiative.
