Athian's livestock carbon credit
marketplace completes latest round of funding thanks to the
investment by California Dairies, Inc. and DSM
Venturing
INDIANAPOLIS, May 1, 2023
/PRNewswire/ -- Athian (athian.ai) announces the completion of
their seed funding round with investments from two strategic
partners: DSM Venturing, the corporate venture arm of Royal DSM, a
global, purpose-led company in Health, Nutrition & Bioscience,
and California Dairies, Inc. (CDI), the largest dairy farmer-owned
cooperative in California and
second largest in the United
States. Athian, the world's first carbon marketplace for the
livestock sector, advances the global acceptance of its novel
transactional carbon credit inset program with this investment from
DSM Venturing and CDI, along with previous investors, Elanco Animal
Health Incorporated (NYSE: ELAN), Tyson Ventures and Newtrient
LLC.
Athian's carbon credit marketplace
completes funding round thanks to California Dairies, Inc. and DSM
Venturing.
This game-changing innovation provides livestock producers with
economic incentives for on-farm sustainability practices, while
helping improve global food system sustainability and reducing
climate warming. "CDI's membership has been leading the way in
sustainable dairy farming investments, and we continue to move as
fast as technology and on-farm economics allow," said Simon Vander Woude, chairman of the board at
CDI. "This is an opportunity to showcase that hard work while
doubling down to drive innovation and further improve our
environmental footprint, ensuring that our farms produce some of
the most sustainable milk in the world, across all the
various pillars of sustainability."
"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.
"Global climate change requires all of us working together. And
now, Athian can deliver on our goal of connecting the whole value
chain," said Myer. "By joining forces with investors like CDI, DSM
Venturing and others throughout the livestock industry, we have a
unique opportunity, with all the voices at the table, to support
sustainability practice changes through carbon incentives. Together
we can move the needle on climate change."
In connection with these investments, Scott Horner, Regional Managing Director North
America at DSM Venturing, and Darrin
Montiero, Vice President of Sustainability at CDI, will join
the Athian Board of Directors in an observer capacity.
About Athian
At Athian, we are technology
experts with farming in our genes. We enable environmental
sustainability for animal agriculture because we believe in being
good stewards of the earth's resources for generations to come. We
use software to aggregate, certify, and fund greenhouse gas
reductions throughout the entire livestock value chain. Athian's
platform is an industry-based analytics tool that enables the
livestock industry to improve sustainability by providing carbon
credits. Athian's carbon credit marketplace provides quality
greenhouse gas credits that fund livestock producers'
sustainability measures. Athian is a High Alpha Innovation company
based in Indianapolis, Ind. Learn
how to join us in this effort at www.Athian.ai.
About California Dairies, Inc.
California
Dairies, Inc. is the largest member-owned milk marketing and
processing cooperative in California, producing approximately 40 percent
of California's milk. Co-owned by
over 300 dairy producers who ship nearly 17 billion pounds of
Real California Milk annually, California Dairies, Inc. is a
manufacturer of quality butter, fluid milk products and milk
powders. In addition, California Dairies, Inc. is the home of two
leading and well-respected brands of butter – Challenge and Danish
Creamery. California Dairies, Inc.'s quality dairy products are
available in all 50 United States and in more than 50 foreign
countries. For additional information on California Dairies, Inc.,
visit www.CaliforniaDairies.com.
About DSM Venturing
DSM Venturing is the
corporate venture arm of Royal DSM a global, purpose-led company in
health, nutrition and bioscience, applying science to improve the
health of people, animals and the planet. DSM's purpose is to
create brighter lives for all. DSM's products and solutions address
some of the world's biggest challenges while simultaneously
creating economic, environmental, and societal value for all its
stakeholders – customers, employees, shareholders, and society at
large. The company was founded in 1902 and is listed on Euronext
Amsterdam.
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SOURCE Athian