AgTech Platform Klim Secures Major Series A Investment
Klim’s digital platform offers farmers documentation and financing options for regenerative measures, as well as access to knowledge and a community. - © Klim
German AgTech startup Klim has secured $22 million in Series A funding, marking the largest Series A investment in Germany's agricultural technology sector this year, according to company statements. The Berlin-based company's digital platform helps food companies transition their supply chains to regenerative agriculture practices.
BNP Paribas, Europe's largest bank, led the funding round, joined by notable investors including Earthshot Ventures, Rabobank, Agfunder, and several others. The investment will fuel Klim's international expansion and enhance its financial service offerings.
Founded in 2020, Klim addresses the environmental impact of industrial farming, which currently contributes approximately 20% of annual manmade greenhouse gas emissions. The company's platform provides food businesses with tools to decarbonize their agricultural supply chains while enabling farmers to implement regenerative practices.
The platform has already gained significant traction, serving over 3,500 farmers who manage more than 700,000 hectares of land – representing 5% of German farmland. Major global brands including Nestlé, Kaufland, and Aryzta have partnered with Klim to enhance their supply chain sustainability.
"Our food system is undergoing a monumental shift, with regenerative agriculture at its core," said Robert Gerlach, CEO of Klim. "Food companies must lead this transformation, but they can't do it without farmers."
The fresh capital will support Klim's development of new financial services to help farmers access transition funding, crucial for implementing sustainable farming practices at scale.
