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
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