Earnest Agriculture ( SOSV Accelerator)

Funding Details
Awarder
SOSV
Date Award
May 13, 2024
Vertical
AgTech
Funding URL
View Funding Page

Company Info
Founding Year
2019
Founders
Gabe Price, Eddy Mejia
Company Description
To feed a global population of 9.7 billion people by 2050, farmers need to produce 50% more calories than they do today. However, large-scale farms rely on synthetic fertilizers, which degrade their soil and release more CO2 emissions than global aviation and shipping combined. Earnest Agriculture has designed a microbial consortium that protects crops against diseases, pests, and drought while improving soil health. Applied as a seed coating, it’s a triple whammy that can boost yields by 7x, reduce synthetic chemical use, and make crops more resilient to climate change. Earnest sources its patented microbes from natural prairies and uses a machine learning algorithm to formulate a microbe consortium that works in diverse climates and soil conditions. By focusing on the $570 billion livestock feed market first and crops for human consumption second, Earnest will minimize regulatory friction and get to market faster. The grandchildren of farmers, co-founders Gabe Price, PhD, and Eddy Mejia launched Earnest in 2019. They currently have a paid pilot with CD Ford and Sons and field trials with the University of Illinois, Grand Farms, and Winfield United. A win for farmers, soils, and our climate, Earnest probiotics will play an important role in global food security.
Market
Climate Tech
Location
United States

Links
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