Athian has completed its seed funding round with investments from two strategic partners: DSM Venturing, the corporate venture arm of Royal DSM, and California Dairies, Inc. (CDI), the largest dairy farmer-owned cooperative in California and second largest in the United States.
Athian is the world’s first carbon marketplace for the livestock sector and this investment advances global acceptance of its novel transactional carbon credit inset program, along with previous investors, Elanco Animal Health, Tyson Ventures and Newtrient LLC.
“We are excited by CDI and DSM Venturing’s enthusiasm for our innovative carbon marketplace platform. The groundswell of support has been tremendous” said Paul Myer, CEO of Athian. “This announcement not only expedites our reach into international markets but also accelerates practical environmental solutions that give farmers new revenue streams and helps companies deliver on their sustainability commitments throughout the value chain.”
Athian’s carbon credit insetting platform will enable livestock farmers who implement sustainable practices the ability to earn revenue to fund those initiatives. Athian’s key mission is to help the beef and dairy value chains capture and claim carbon credits earned through sustainability efforts. Athian aggregates, validates, and certifies, greenhouse gas (GHG) reductions, and monetizes those reductions through the sale of carbon credits which offer value to the supply chain as important carbon assets related to Scope 3 emissions.
In addition, Athian announces Scott Horner, Regional Managing Director North America at DSM Venturing, and Darrin Montiero, Vice President of Sustainability at CDI, join the Athian Board of Directors in an observer capacity.