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Kula Bio raises US$10 million in funding round

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The maker of a nitrogen fixation product, Kula Bio has closed a US$10 million seed round.

The company is based in Massachusetts, USA. The round was led by Collaborative Fund with participation from environmental funds, including The Nature Conservancy, Lowercarbon Capital, and the Grantham Environmental Trust’s Neglected Climate Opportunities Fund.

Founded in 2018, Kula Bio makes Kula- N, a nitrogen biofertilizer that helps farmers maintain yield and significantly reduce environmental impact from traditional, synthetic nitrogen fertilizers.

Kula-N is patent-protected method – derived from research performed at Harvard University – that boosts a naturally occurring process of biological nitrogen fixation. Kula-N can be applied via irrigation and works for all crops.

Other investors in the round include AgFunder, BOPU, Box Group, Decent Capital, Embark Ventures, iSelect Fund, and Pillar VC.

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