Cool Planet, an agriculture tech company, has secured $19.3 ml in Series A financing and note conversion from Agustín Coppel and North Bridge Venture Partners among other investors. The capital will be used for commercializing Cool Terra and Cool Fauna Engineered Biocarbon products.
Cool Terra is Cool Planet’s flagship product. Terra improves crop yields and ROI while providing environmental benefit in the form of sequestering carbon and improving soil health. Cool Fauna is a product that has potential in animal health and nutrition applications.
Cool Planet’s CFO Barry Rowan said “The Coppel Family and North Bridge continue to show their confidence in Cool Planet. They’ve supported us through our research phase and remain valued partners as we continue commercialization of Cool Terra and development of Cool Fauna.”