Carbonomy Raises $16M In Series A Funding
- Carbonomy, an Estonian soil carbon credit startup, raised $16m in Series A funding round at a valuation of $130m
- Hedonova, a Paris-based hedge fund, made the investment
- The company intends to use the funds to expand the platform and reach more farmers
- The company provides a platform that enables farms to earn carbon credits by adopting sustainable practices
- These credits can then be sold to companies and organisations that want to offset their carbon footprint and achieve their sustainability goals
