Colorado-based agtech Cool Planet has closed an additional $20m of funding during its extended series A funding round, led by Agustín Coppel and North Bridge Venture Partners. Cool Planet will use the investment to increase production of its carbon-negative soil health product Cool Terra, and begin building its Los Angeles manufacturing hub and commercial production facility next summer. The company is also expanding into new markets in Latin America with a $200m deal for a stake in Mexico’s largest solar power company, Grupo Higa.
Colorado-based agtech Cool Planet has closed an additional $20m of funding during its extended series A funding round, led by Agustín Coppel and North Bridge Venture Partners. Cool Planet will use the investment to increase production of its carbon-negative soil health product Cool Terra, and begin building its Los Angeles manufacturing hub and commercial production facility next summer. Cool Planet is also looking to develop products for the animal nutrition, biologicals and early-plant establishment sectors.