Applied Carbon, a Houston, TX-based technology company designing automated biochar production machines that convert in-field agricultural crop waste into biochar, raised a $21.5m in Series A funding.
The round was led by TO VC, with participation from Congruent Ventures, Grantham Foundation, Microsoft Climate Innovation Fund, S2G Ventures, Overture.vc, Wireframe Ventures, Autodesk Foundation, Anglo American, Susquehanna Foundation, US Endowment for Forestry and Communities, TELUS Pollinator Fund for Good, and Elemental Excelerator.
The company intends to use the funds to deploy a fleet of biochar machines across Texas, Oklahoma, Arkansas, and Louisiana, delivering high durability carbon removal and agricultural services.
Led by CEO Jason Aramburu, co-founder and CEO, Applied Carbon is scaling technologies that regenerate soils and sequester atmospheric carbon. The company has developed a mobile, in-field solution that picks up agricultural crop residue left after harvesting and converts it into biochar in a single pass. The resulting biochar product is deposited back onto the field, simultaneously increasing soil health, improving agronomic productivity, reducing lime and fertilizer requirements, and providing a durable carbon removal and storage solution.
