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Bio-Logical raises $1m Seed round: Kenya's Agricultural Sector to Get a Boost from Bio-Logicals Landmark Biochar Carbon Removal Facility
Smallholder farmers are facing a dire outlook with faltering harvests, increasingly extreme weather and skyrocketing fertiliser prices becoming increasingly common due to climate change. Bio-Logical addresses this challenge through a circular economy, transforming waste into biochar, a super material that sequesters carbon for millenia and regenerates degraded soil. Their biochar is then incorporated into an organic fertiliser which is distributed to smallholder farmers in the region, regenerating land, increasing crop drought resistance and boosting yields by over 50%.
Utilising its innovative technology, Bio-Logical's first site will be the largest biochar production facility in Africa . It will transform over 30,000 tonnes of agricultural waste a year into biochar, sequestering 25,000 tonnes of CO2. This process will generate carbon credits, the revenue from which will be used to subsidise its resilience building fertiliser for smallholder farmers, boosting yields and reducing fertiliser costs.
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The funding round is led by the Steyn Group alongside Angel Investors Rob Konterman,
Luke Calcott-Stevens and
Jochem Wieringa . The round will go towards the development of Bio-Logical's first
Kenya site which will pave the way for its expansion throughout the region that will see the company scale to support 1 million smallholders and sequester 1 million tonnes of CO2 annually by 2030.
For other enquiries please visit : https://www.bio-logical.green/
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