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Company’s accurate and affordable soil measurement technology helps unlock access to soil carbon markets and seeks to propel regenerative and precision agriculture forward

Vancouver, BC, May 2, 2024 – Miraterra, a company revolutionizing advanced soil measurement, today announced the close of its Seed funding round led by At One Ventures, marking a pivotal moment in the company's mission to transform soil insight. New investors S2G Ventures, One Small Planet, Overview Capital, iSelect Fund, Starshot Capital, Pelican Ag, and Cisco Foundation also participated in the round. 

Soil is the cornerstone of sustainable agriculture, vital for environmental health and food security. Healthy soil is resilient against climate change, sequesters a vast amount of carbon, and sustains life. But our soil is not healthy and the world is taking notice.

Agriculture, in particular, has taken notice and is undergoing a transformation. Practices like precision ag and regenerative farming are taking root, promising better soil, higher profits, and even revenue from carbon markets. But affordable, reliable ways to measure soil health are needed to unlock these benefits. That's Miraterra's focus.

“A race is on to meet the growing need for affordable, accurate soil data. Some companies are banking on advanced modeling to replace the need for rigorous testing. However, leading soil scientists are constantly making astonishing discoveries about soil and are advocating for even more rigorous testing,” said Nate Kelly, chief executive officer of Miraterra. “Our solution uses a combination of remote sensing, proximal sensing, and advanced modeling to reduce the cost of testing while increasing rigor and reducing uncertainty.”

The Seed funding round enabled Miraterra to develop its inaugural, proximal sensing product, the Digitizer. This device combines novel hardware, signal processing, machine learning, and computational chemistry to bring highly-sensitive Raman spectroscopy to new frontiers and digitize soil. The Digitizer represents a significant leap forward in soil measurement technology, making accurate and cost-effective analysis more accessible.

"Our view is that Miraterra's technology is filling a critical gap in the agritech landscape,” said Sanjeev Krishnan, managing partner at S2G Ventures. “By providing consistent, repeatable, cost-effective measurements and insights into soil health, we believe they can enable the next level of precision agriculture and sustainable farming. We're proud to support Miraterra's vision of unlocking the full potential of soil to benefit our planet and people."

“I searched for 6 years and assessed more than 50 companies until I discovered Miraterra’s ability to see into soil at 1000x better accuracy than the competition. This gives them an insurmountable advantage in revealing mineralogical, hydrological and biological health of soil.” said Tom Chi, founder of At One Ventures.

Miraterra is poised to introduce its Digitizer to the market, targeting soil testing laboratories worldwide. Instead of targeting farmers directly, they're partnering with trusted labs to build credibility before reaching out to end-users. “Our market research showed us that gaining the trust of agronomists’ and farmers’ partners was crucial," stated Nate Kelly. "Farmers and agronomist trust their soil testing lab. Thankfully, we've identified partners who've been seeking a solution like ours and are eager to introduce our digitizer to their labs. This marks the first step in our mission to revolutionize the way soil is measured. There will be many steps following so stay tuned!"

About Miraterra:

Miraterra's cutting-edge technology offers a groundbreaking approach to soil measurement. By seamlessly integrating remote sensing, proximal sensing, and deep learning, Miraterra delivers results with unparalleled adaptability to all soil types. Miraterra's innovative solutions inspire confidence in carbon markets and drive a new era of precision and regenerative agriculture. With trustworthy data and actionable insights, growers can effectively manage, recarbonize, and build healthy soils. Discover the transformative potential of Miraterra's technology by visiting miraterrasoil.com or connecting with us on LinkedIn.

About At One Ventures:

At One Ventures invests in deep-tech startups catalyzing a world where humanity is a net positive to nature. The firm is highly technical and was founded by Tom Chi, former Head of Experience and founding member at Google X. At One Ventures finds, funds, and grows companies that are using disruptive deep tech to upend the unit economics of established industries while dramatically reducing their planetary footprint. To date, At One Ventures has invested in 35 startups, including battery recycler Ascend Elements, de-extinction company Colossal Biosciences, and biodegradable packaging supplier Cruz Foam. For more information, please visit atoneventures.com.

About S2G Ventures:

S2G is a multi-stage investment firm focused on venture and growth-stage businesses across food and agriculture, oceans and energy. The firm provides capital and value-added resources to entrepreneurs and leadership teams pursuing innovative market-based solutions that S2G believes are cheaper, faster or better than traditional alternatives. With a commitment to creating long-term, measurable outcomes, S2G structures flexible capital solutions that can range from seed and venture funding through growth equity to debt and infrastructure financing. For more information about S2G, visit s2gventures.com or connect with us on LinkedIn.

Media Contact: Kim Haakstad: info@miraterrasoil.com