Kenyan climate startup Bio-Logical has secured $1.3 million in funding to expand its biochar facility located near Mount Kenya. This significant investment will increase production capacity and further efforts to improve the livelihoods of smallholder farmers in the region. The funding round was led by CrossBoundary, Redshaw Advisors, and other existing investors, including the Steyn Group.
Background and Future Plans
In November 2023, Bio-Logical raised $1 million in seed funding for its inaugural site. The startup aims to support 1 million smallholder farmers and sequester 1 million tonnes of carbon dioxide annually by 2030. Philip Hunter emphasized the dual benefits of their approach: not only does Bio-Logical sequester carbon, but it also develops affordable, soil-regenerating fertiliser that enhances crop yields and improves climate resilience for farmers who are disproportionately affected by climate change.
Investor Insights
Louis Redshaw, CEO of Redshaw Advisors, expressed his satisfaction with the investment, highlighting its potential to create high-integrity carbon removal credits while benefiting farmers in need of climate resilience solutions. He noted that this investment aligns with their mission to support positive climate action through high-quality projects in regions requiring decarbonization support.
Conclusion
Bio-Logical’s recent funding round represents a significant milestone in its mission to enhance agricultural productivity and climate resilience in Kenya. With continued investment and expansion, the startup is poised to make a substantial impact on both carbon sequestration and the livelihoods of smallholder farmers across the country.
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