Kula Bio: Raises $50M in Series A Funding

Kula Bio Raises $50M in Series A Funding

• Kula Bio, a Boston, MA-based provider of sustainable nitrogen solutions, closed a $50m Series A funding
• The round was led by Lowercarbon Capital with participation from Collaborative Fund, Grantham Environmental Trust’s Neglected Climate Opportunities Fund and iSelect Fund
• Other investors in the round include Pillar VC, Embark Ventures and BOPU
• The funding will be used to increase production capacity as well as further technology innovation of Kula Bio’s technology
• Since its founding in 2018, the company has proven its product is crop agnostic, and can replace a meaningful amount of a farm’s use of traditional nitrogen fertilizers
• Kula-N trials across geographies and soil types have enabled farmers to transition to sustainable nitrogen