Kula Bio, a provider of sustainable nitrogen solutions, announced that it has closed a $10 million seed round. The round was led by Collaborative Fund with participation from prominent environmental funds.
Kula Bio makes Kula-N, a nitrogen biofertilizer that helps farmers maintain yield and reduce environmental impact from synthetic nitrogen fertilizers. Since its founding in 2018, the company has run a series of third-party replicated field trials across diverse geographies, soil types, and crops, proving that it can replace up to 80% of a farm’s nitrogen use. All of this is accomplished with a patent-protected method, derived from peer-reviewed research performed at Harvard University, that boosts a naturally occurring process of biological nitrogen fixation. Kula-N can be applied via irrigation.
"At Kula Bio we’re proud to be backed by investors who truly believe in and share our mission," said Bill Brady, founding CEO and director of Kula Bio. "With this support, we have initiated hires focused on operations, sales, marketing, agronomy, and research and development. Additionally, we’re in the process of developing our first pilot manufacturing site. We are intensifying our efforts to get our product to more hardworking farmers and continue to push the agricultural industry to a more sustainable future."
"Kula Bio has created a solution for the agricultural sector," said Craig Shapiro, founder, and managing partner of Collaborative Fund. "Kula-N improves upon traditional fertilizers by improving soil health and creating a cost-effective, environmentally friendly solution for farmers."
