Nitricity Raises $5M in Seed Funding
- Nitricity, a San Francisco, CA-based agtech startup with technology to produce renewable nitrogen fertilizer at point-of-use, closed a $5m seed funding round
- The round was led by Energy Impact Partners with participation from new investor Fine Structure Ventures as well as existing investors
- The company intends to use the funds to accelerate innovations and recruit top engineering talent in the climate tech and agriculture fields
- The company provides a proprietary system that connects directly to farm hardware and produces fertilizer using only air, water, and electricity
- This process has the potential to eliminate 1 gigaton of carbon equivalent per year from carbon dioxide and nitrous oxide
- The company also has a commercial-scale pilot that is being used to fertigate green peppers
