Yard Stick, a Cambridge, MA-based soil carbon measurement technology company, raised $10.6M in Series A funding.
The round, which brought the total amount to $16M, was led by Toyota Ventures Climate Fund with participation from Microsoft Climate Innovation Fund, The Nature Conservancy, Lowercarbon Capital, Breakthrough Energy Ventures, and Pillar VC.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Chris Tolles, Yard Stick provides an integrated suite of software and hardware offerings to solve key soil carbon measurement challenges at global scale. Its soil carbon measurement solution includes proprietary hardware and software, a cloud-enabled, handheld device that instantly measures soil organic carbon to up to a meter in depth. The company’s stratification engine provides automatic stratification of project fields and creates statistically-sound sample plans which satisfy the complex requirements of any soil carbon protocol. Yard Stick’s field data platform collects measurement data in real time, ensuring project data are secure, auditable, and instantly available to any other project stakeholder. Users can access a live dashboard of soil carbon measurement data to rapidly understand project progress, quantify stocks and changes, and share this information with key stakeholders including participating growers/ranchers/foresters, registries, verifiers, commodity buyers/brands, and corporate carbon buyers.
FinSMEs
17/08/2023