Klim
Assembly Line
Klim raises ‘massively oversubscribed’ Series A, adds financial services layer to its insetting platform
Insetting solutions provider Klim has raised a $22 million Series A round led by BNP Paribas, one of Europe’s largest banks. Earthshot Ventures, Rabobank, AgFunder*, Norinchukin Bank, Achmea Innovation Fund, Ananda Impact Ventures and Elevator Ventures also participated. Part of the new funding will enable Klim to introduce a new financial services layer to its platform — hence the interest from banks in this round.
Klim helps food companies decarbonize their agricultural supply chains through insetting projects, where companies work to reduce emissions in their own value chain rather than relying on offsets. To enable this, its digital platform provides tools like agronomic support and transition capital that can help farmers shift to regenerative agriculture practices, which are vital to insetting projects and reducing scope 3 emissions. Farmers can use the Klim platform to plan, execute, and finance their transition to regenerative practices.