Livestock carbon credit marketplace Athian has completed a seed funding round with capital injections from two new strategic investors: farmer-owned cooperative California Dairies, Inc. (CDI) and DSM Venturing, part of Dutch health, nutrition and bioscience company Royal DSM (AMS: DSM).
With more than 300 family-owned and operated member dairies, CDI is the largest dairy processing cooperative in California, the leading dairy state in the USA, and the second largest in the country.
Athian’s previous investors include Elanco Animal Health Inc (NYSE: ELAN), Tyson Ventures, the venture capital arm of Tyson Foods (NYSE: TSN), and Newtrient LLC.
In connection with the investments, DSM Venturing and CDI will each get a spot at Athian’s Board of Directors in an observer capacity. From DSM Venturing Scott Horner, Regional Managing Director North America, will be joining the Board, and from CDI that would be Darrin Montiero, Vice President of Sustainability.
“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 CEO, Paul Myer, said in a comment.
Athian’s platform aggregates, validates, and certifies greenhouse gas (GHG) reductions in the livestock sector. It provides an opportunity for producers to monetize their on-farm sustainability efforts through the sale of carbon credits, while at the same time helping improve sustainability in food systems globally and contributing to the fight against climate change.