Agrifood Tech | May 6, 2024

S2G Ventures and At One Ventures back Miraterra to help farmers monitor soil health

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, May 6 — Healthy soils are critical for food security, farming profitability and carbon sequestration. Vancouver-based Miraterra launched in 2022 to provide faster, cheaper and cleaner ways for farmers to monitor and improve soil health. The company uses machine-learning, sensors and other soil testing equipment to analyze all soil types.

“I’ve searched for 6 years and assessed more than 50 companies until I discovered Miraterra’s ability to see into soil at 1,000x better accuracy than the competition,” said Tom Chi of At One Ventures (see, “At One Ventures closes $375 million deeptech climate fund”). S2G’s Sanjeev Krishnan said Miraterra fills a gap in agritech with “consistent, repeatable, cost-effective measurement and insights into soil health.” 

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Miraterra will use the seed funding to launch its first soil monitoring product, called the Digitizer, with soil testing laboratories rather than farmers to build the credibility of its solution. “Our market research showed us that gaining the trust of agronomists and farmers’ partners was crucial,” said Miraterra’s Nate Kelly.

Separately, UK-based CroBio clinched €1.5 million in a seed round led by the Grantham Foundation to store more water and carbon in soils using enhanced microbes.

Spin out

S2G Ventures has launched as a standalone business and registered investment adviser, after 10 years as the venture capital arm of Builders Vision, the impact platform of Walmart heir Lukas Walton. See S2G’s Aaron Rudberg on February’s Agents of Impact Call, “Impact value-creation isn’t just for impact investors.