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Reading: Agteria Biotech Raises €6M to Develop Methane-Reducing Solution for Cattle
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COINTURK FINANCE > Business > Agteria Biotech Raises €6M to Develop Methane-Reducing Solution for Cattle
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Agteria Biotech Raises €6M to Develop Methane-Reducing Solution for Cattle

Overview

  • Agteria Biotech raised €6M to advance its methane-reducing solution for cattle.

  • The funding will support regulatory approval and further development of its product.

  • Investors emphasize the need for scalable solutions to address methane emissions.

COINTURK FINANCE
COINTURK FINANCE 9 months ago
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Efforts to mitigate the environmental impact of agriculture are gaining momentum, with companies developing innovative solutions to reduce greenhouse gas emissions. Agteria Biotech, based in Stockholm, has secured €6 million in seed funding to advance its methane-reduction technology for cattle. The company aims to make agriculture more sustainable by introducing a scalable, cost-effective solution that addresses methane emissions from livestock. Investors have shown confidence in Agteria’s approach, emphasizing the need for practical solutions to combat climate change.

Contents
What is Agteria Biotech developing?How will the funding be used?

Agteria Biotech previously raised €1.4 million in a pre-seed funding round in March 2024, which helped establish its initial research and development efforts. The company has since made progress in refining its patent-pending molecule designed to lower methane emissions from cattle. Compared to earlier investment rounds, the latest funding injection reflects growing investor interest in methane reduction technologies, a field that has seen increased attention globally. Other companies working on similar solutions have focused on feed additives and dietary modifications, but Agteria’s approach aims to maximize impact while keeping costs manageable for farmers.

What is Agteria Biotech developing?

Founded in 2023 by Martin Blomberg, Dr. Tommi Remonen, and Maia Lidbeck, Agteria Biotech has created a patent-pending molecule aimed at reducing methane emissions from cattle. The company states that its solution offers the highest methane reduction per euro and has been validated through multiple in-vivo trials. It has drawn interest from stakeholders in the beef, dairy, and animal feed industries, who see its potential to lower the environmental footprint of agricultural operations.

The company is working closely with experts and regulators to ensure its solution meets safety and efficacy standards. By conducting rigorous studies, Agteria seeks to accelerate regulatory approval for its products. Its first product, AB-01, is part of a larger ambition to develop scalable solutions that contribute to reducing greenhouse gas emissions from agriculture.

How will the funding be used?

The €6 million funding will primarily support the company’s efforts to obtain regulatory approval for its methane-reducing product. This includes conducting safety studies to assess the impact of the solution on cattle, consumers, and the environment. Additionally, the investment will allow Agteria to further develop its product for broader market adoption.

“Our goal from the start has been to create a solution that is not only effective but also scalable, affordable, and, above all, safe,” said Martin Blomberg, CEO of Agteria Biotech.

Methane emissions have been identified as a significant driver of climate change, with cattle contributing to about 5% of global greenhouse gas emissions. According to Agteria Biotech, methane is 28 times more potent than carbon dioxide in trapping heat in the atmosphere, making its reduction a priority.

“Methane levels in the atmosphere have never been higher,” Blomberg added. “Together with our new investors, combining deep tech experience and strong market knowledge, we are ready to accelerate this critical work.”

The funding round was led by Industrifonden and AgriZeroNZ, with additional support from existing investors Norrsken Launcher and Mudcake. Industrifonden focuses on investing in scalable deep-tech companies, while AgriZeroNZ specializes in supporting agricultural solutions that help farmers reduce emissions without compromising productivity.

Efforts to curb methane emissions from livestock are gaining increased attention as countries seek to meet climate targets. Several approaches are being explored, including feed additives, selective breeding, and microbial interventions. Agteria Biotech’s approach positions it among companies aiming to provide a cost-effective and practical solution that can be adopted at scale. The next steps for Agteria involve securing regulatory approvals and expanding its market reach to cattle producers worldwide. As the industry looks for effective ways to reduce emissions, innovations like Agteria’s have the potential to contribute to global climate goals.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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