HeavyFinance and Agricarbon unite for a greener future

HeavyFinance and Agricarbon unite for a greener future

London-based climate tech investment marketplace, HeavyFinance, has forged a partnership with Agricarbon, a company renowned for its automated soil carbon measurement technology.

This alliance aims to embark on a major European climate project that aspires to significantly measure and reduce carbon impact.

The strategic collaboration pivots around a substantial 20,000ha project based in Lithuania. The vision shared by both companies aims to steer towards sustainable farming practices while accurately quantifying changes in soil carbon stock. This partnership represents a crucial step in HeavyFinance’s commitment to eliminating one gigaton of carbon dioxide from the atmosphere by 2050.

HeavyFinance operates as an investment platform connecting investors, ranging from retail to institutional, with European farmers who require external funding. This aids the expansion of their farms and facilitates the transition towards regenerative agriculture. To date, HeavyFinance has enabled funding for over 1,300 agricultural initiatives across Bulgaria, Latvia, Lithuania, Poland, and Portugal.

Agricarbon’s role is pivotal in addressing the global challenge of precisely and robustly measuring soil carbon stocks on a large scale. The company offers affordable and accurate audits, underpinned by high-intensity direct sampling and automated analysis. This provides assurance to carbon-buyers regarding soil carbon sequestration, unlocking value and financing to aid the worldwide shift to regenerative farming and a healthier planet.

The partnership will allow the companies to jointly test new stratification methodologies and overcome prior obstacles to direct measurement of thousands of hectares, all under a major international protocol for offsets. The prime focus is on cost-effectiveness and data accuracy, which are regarded as key drivers to boost participation in the soil carbon offset market.

HeavyFinance founder Laimonas Noreika said, “By merging HeavyFinance’s innovative financing models, such as Green Loans, with Agricarbon’s groundbreaking soil carbon measurement technology, we’re poised to lead the transition to regenerative farming. This partnership not only brings about superior ROI for investors but also makes best practices more accessible to farmers. We’re thrilled to work with Agricarbon to promote increased sustainability.”

Agricarbon’s Co-founder & CTO Stewart Arbuckle commented, “We look forward to working with HeavyFinance, as their innovative business model and expertise in deploying a direct measurement project will be immensely beneficial. It will feed into the crucial sustainability agenda while enhancing financial opportunities for farmers everywhere.”

The companies plan to broaden the project across additional European companies in the next 12 months, increasing accessibility for farmers and investors in key markets.

The announcement follows the recent introduction of Green Loans by HeavyFinance, a debt instrument enabling investors to earn returns on the sale of CO2 removal credits generated from European farmland.

Keep up with all the latest FinTech news here

Copyright © 2023 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.