Biochar Production in Africa Expands with $11.5M Funding from Terraton

Terraton, a biochar carbon removal platform, has successfully secured $11.5 million in seed funding. The funding round was co-led by Lowercarbon Capital and Gigascale Capital, with participation from notable investors such as Jeff Dean, Bret Taylor, Lars Rasmussen, and Japanese venture capital firm Global Brain Corporation.

The funding will empower agribusinesses to diversify their revenue streams while meeting the growing market demand for carbon removal solutions. Terraton's unique "full-stack" model removes upfront costs and complexity, allowing agribusinesses to focus on producing biochar while reaping the benefits of a diversified income.

Biochar, a method of converting agricultural waste into stable carbon while improving soil health, has become one of the most proven and scalable carbon removal methods. In 2024, biochar accounted for over 250,000 metric tons of carbon removal, more than any other pathway.

Terraton's first two projects, expected to remove more than 20,000 tons of CO2 annually, are set to commence in Ghana and Kenya. The Ghana project, supported by Terraset's pre-purchase of credits, is one of Terraton's first initiatives. This pre-purchase of credits from Terraset not only helps accelerate commissioning but also signals strong early demand for Terraton's biochar carbon credits.

The Kenyan project, although details are scarce, is another promising venture for Terraton. The new waste-to-biochar facility proposed by Carbon Lock Tech indicates a growing interest in the biochar carbon removal method, further underscoring Terraton's timely and significant role in the industry.

Terraton's CEO, Kevin Gibbs, stated that the company aims to bridge the gap between biochar carbon credits and the agribusinesses producing them. The company's "full-stack" model offers agribusinesses financing, technology, and market access with minimal initial investment. The funding will also support Terraton's technology platform and its expansion into new regions.

The funding round also marks a significant investment by Global Brain Corporation, which invested through funds backed by ANA Holdings and East Japan Railway Company. This partnership not only bolsters Terraton's financial resources but also opens doors to potential collaborations in the Asian market.

Through Terraton's first two projects, thousands of smallholder farmers stand to benefit from new income through waste payments and improved soils. This not only contributes to the fight against climate change but also empowers local communities and promotes sustainable agriculture.

As Terraton continues to grow and expand, it is poised to make a significant impact on the global carbon removal landscape. With its innovative "full-stack" model and proven carbon removal method, Terraton is well on its way to becoming a leader in the biochar carbon removal industry.