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Why we invested in Agreena

Why we invested in Agreena
17 Apr 2023 Written by Melina Sánchez Montañés

Regenerative Agriculture & Agreena: Turning Soil into a Climate Asset

The Challenge

Modern agriculture often treats farmland like a linear input–output machine: add fertilizers, fuel, and machinery to push yields higher at the lowest cost. This view ignores that soil is a living, interconnected ecosystem. The result is degraded land, lost productivity, and rising emissions:

  • 46% of Earth’s soil is used for agriculture
  • ~25% of global greenhouse gas emissions come from the food production value chain
  • Up to 30% of the world’s cropland is already degraded

By oversimplifying how soils function, we are both sacrificing long-term yields and profitability and accelerating climate and biodiversity crises.

Illustration for Why we invested in Agreena

Agreena is tackling one of agriculture’s biggest systemic problems: conventional, input-maximizing farming degrades soil, leaves yield and profit on the table, and drives significant greenhouse gas emissions. With nearly half of Earth’s land under agriculture and a quarter of global emissions tied to food systems, regenerative agriculture offers a powerful, nature-based climate lever with multi‑gigaton CO2e reduction potential.

Regenerative agriculture shifts from a narrow input–output mindset to a holistic systems approach, using practices like no‑till, reduced or no synthetic inputs, diversified rotations, and permanent soil cover to rebuild soil health and ecosystem function. Yet the transition is risky and capital‑intensive for farmers, often involving temporary yield dips and new machinery or know‑how. Solutions that de‑risk this shift and lock in long‑term practice change are best positioned to create durable climate and financial impact.

Agreena is Europe’s leading soil carbon credit platform enabling this transition. Its vertically integrated platform helps farmers onboard fields, model the upside from switching to regenerative practices, generate and verify soil carbon credits, and sell them to buyers seeking high‑quality climate impact. The company is expanding beyond credits into broader financing solutions tailored to farmers’ transition needs.

Several factors differentiate Agreena:

Illustration for Why we invested in Agreena
  • Deep expertise and ecosystem position: A strong scientific and commercial team, reinforced by the acquisition of Hummingbird Technologies and an experienced C‑suite, gives Agreena credibility with both farmers and credit buyers.
  • Scalable, credible MRV: Agreena uses a practice‑based approach that blends soil sampling, model calibration and verification, and satellite imagery, balancing quality with scalability. Alignment with Verra’s VM0042 standard provides additional assurance for buyers.
  • Land grab and long‑term lock‑in: By securing long‑term (10+ year) contracts and already managing the largest regenerative hectares in Europe, Agreena is building defensible scale and reducing the risk of farmers reverting to conventional practices.
  • Beyond carbon credits: Recognizing that soil carbon revenue alone won’t drive mass adoption, Agreena is building solutions around farmers’ real pain points—from CAPEX needs to knowledge and financing gaps—positioning itself as a broader financial and transition partner.

Backed by a €42M Series B led by HV Capital with participation from AENU, Anthemis, and existing investors, Agreena is well placed to consolidate its European leadership, deepen network effects, and help grow the soil carbon and regenerative agriculture markets while delivering measurable climate impact.

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