Berlin’s Klim Lands $22 Million, Setting Record for Agritech Series A Rounds in Germany This Year

Klim, a Berlin-based agritech startup determined to ease the transition to regenerative practices for farmers. To fuel its expansion ambitions, Klim recently raised an impressive $22 million Series A funding round led by Europe’s banking giant, BNP Paribas. This marks one of the largest agritech funding rounds in Europe this year.

The round was led by BNP Paribas, with participation from Earthshot Ventures, Rabobank, Agfunder, Norinchukin Bank, Achmea Innovation Fund, Ananda Impact Ventures and Elevator Ventures, the VC of Raiffeisenbank International.

Global food production is responsible for a staggering quarter of all greenhouse gas emissions, with over 80% stemming directly from agricultural activities. This underscores agriculture’s significant environmental impact. Yet, addressing this complex challenge isn’t straightforward due to the intricate interplay of variables within food systems.

One promising solution is regenerative farming, often hailed as a game-changer for sustainability. This approach offers a dual benefit: curbing carbon emissions while enhancing biodiversity and revitalizing soil health. The ripple effects are profound—improved soil not only supports healthier ecosystems but also bolsters food production and ensures a more reliable food supply chain.

Klim equips farmers with tools to streamline their shift toward regenerative agriculture. These tools include data-driven insights for restoring soil health, boosting biodiversity, capturing carbon, and slashing emissions. Moreover, Klim’s platform enables farmers to monitor their progress and demonstrate their achievements to supply chain partners, unlocking revenue opportunities through carbon sequestration payouts.

Farmers using Klim can sell carbon "insets" linked to their sustainable practices on the platform’s marketplace, earning additional income. Food companies, in turn, purchase these ecosystem services to green their supply chains—a critical need as emissions reporting standards tighten. Effectively, farmers are rewarded for “farming carbon” alongside traditional agriculture, redefining how agricultural income streams are structured.

Founded in 2020 by Robert Gerlach, Nina Mannheimer, and Adiv Maimon, Klim has already made substantial strides. The startup has worked with 3,500 farmers spanning 700,000 hectares, equivalent to 5% of Germany’s farmland. Its growing list of high-profile clients includes Nestlé, Kaufland, and Aryzta.

With the new funding, Klim plans to expand beyond Germany, bringing its transformative tools to a broader audience. The Series A funding also attracted participation from notable investors, including Earthshot Ventures, Rabobank, AgFunder, Norinchukin Bank, Achmea, Ananda Impact Ventures, and Elevator Ventures, the VC arm of Raiffeisenbank International. This follows a successful $6.6 million seed round in 2022, led by Green Generation Fund, a Berlin-based investor specializing in food and green tech innovations.

A Thriving Agritech Ecosystem in Europe:

Klim isn’t alone in reshaping agriculture in Europe, a region with a robust agritech landscape. Competitors like Agricarbon, headquartered in Dundee, Scotland, focus on validating soil carbon capture for farms and carbon markets and have raised over €14 million. Similarly, Regrow has amassed $63.6 million, while Soil Capital has secured €5 million.

As the demand for sustainable farming practices grows, startups like Klim are helping farmers adapt and reshape how food is produced, distributed, and consumed globally.