Soil health company MyLand has secured $23 million in funding in a round led by Proterra Investment Partners LP with the goal of supporting MyLand’s growth across the U.S. and into international markets to transform soil health.
“This funding, secured in a highly challenging market and at an incremental valuation, is a testament to the growing recognition that soil health is foundational to agricultural success,” said Dane Hague, Co-Founder and CEO of MyLand. “The proven results of our service—delivering strong economic returns to farming partners across geographies, soil types, and crops—demonstrate the critical role MyLand plays in modern agriculture. Soil is an essential natural resource, and our unique ability to rapidly rebuild it has far-reaching benefits: improved water and nutrient efficiency, enhanced nutrition, greater climate resilience, and better livelihoods for the farmers and ranchers who provide the food on our tables.”
MyLand’s innovative Soil as a Service™ uses live, native microalgae to rejuvenate soil health and improve productivity, profitability, and sustainability for growers, integrating seamlessly into existing farm operations. MyLand’s solution offers a simple and scalable path for farmers to improve soil health and produce more with fewer resources, contributing to a more resilient and sustainable food system.
This $23 million financing follows a $20 million Hardware as a Service loan facility from PaceZero Capital Partners in October 2024. Additional investors in the round included existing shareholders, namely Climate IC and the Borden Family Trust, multiple Climate IC LPs, and FarmClub Investments. Collectively, this funding will enable MyLand to scale operations and expand its reach in key agricultural regions. With a strong presence in California, Texas, Arizona, Washington, Oregon, and Alberta, MyLand is poised to deepen its impact on North American agriculture while exploring opportunities for growth in new markets.