HomeFinTechNitricity: Raises $5M in Seed Funding

Nitricity: Raises $5M in Seed Funding

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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
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