Terms
- Announced
- 29 Nov 2023
- Instrument
- Equity
- Amount
- US$12.0mReported as $12 million Series A
- Source
- esgtoday.com
Parties
- Project developer
- Yard Stick
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Extantia Capital Investor US$1.71m Estimated: an even share, 1 of 7 Toyota Ventures Investor US$1.71m Estimated: an even share, 1 of 7 Microsoft Climate Innovation Fund Investor US$1.71m Estimated: an even share, 1 of 7 The Nature Conservancy Investor US$1.71m Estimated: an even share, 1 of 7 Breakthrough Energy Ventures Investor US$1.71m Estimated: an even share, 1 of 7 Pillar VC Investor US$1.71m Estimated: an even share, 1 of 7 Lowercarbon Capital Investor US$1.71m Estimated: an even share, 1 of 7
Carbon
- Pathway
- Soil carbon / regenerative agriculture
- Project type as recorded
- Soil carbon measurement and verification
What happened
- Yard Stick, the soil carbon measurement company, raised a US$12 million Series A at the close of the round, with Extantia Capital in the final tranche, Toyota Ventures Climate Fund, Microsoft Climate Innovation Fund, The Nature Conservancy, Breakthrough Energy Ventures, Pillar VC and Lowercarbon Capital, reported by ESG Today on 29 November 2023.
Kumo note
- - A soil carbon verification Series A that pulls in Microsoft's climate fund and The Nature Conservancy alongside financial investors, reflecting demand for credible soil measurement behind agricultural credits.
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