Yard Stick PBC, a company that specializes in measuring soil carbon, has recently secured $10.6 million in Series A funding.
The funding round was led by Toyota Ventures Climate Fund, with other investors such as the Microsoft Climate Innovation Fund, The Nature Conservancy, Lowercarbon Capital, Breakthrough Energy Ventures, Pillar VC, and a diverse group of dedicated climate-action supporters, angels, and family offices.
With this fresh influx of capital, Yard Stick has now amassed more than $16 million in venture capital funding.
Deposing captured carbon dioxide underground is a cost-effective solution for putting away sequestered harmful emissions, typically involving the compression and injection of the gas into underground rock formations.
In order to fully utilize this decarbonization alternative, it is essential to have a comprehensive understanding of the amount of carbon that can be stored in the soil over time. Traditional techniques used to determine this potential involve excavating samples from the ground and transporting them to a laboratory for analysis, which is both time-consuming and expensive.
The soil carbon measurement technology developed by Yard Stick offers a one-step solution to the measuring process and has the capacity to open up immense opportunities in the storage of CO2 underground.
The company uses spectroscopy to determine the quantity of carbon present in the soil by illuminating the soil layers using a sapphire lens and analyzing the reflected light.
The measuring device collects data from numerous spectral bands ranging from visible violet to near-infrared wavelengths. The specific hardware elements are put together in a way that enables a sample to be obtained in under a minute.
Yard Stick PBC currently provides services to measure, report, and verify soil carbon for farms and ranches, but the company intends to broaden its scope to include various soil environments in the future.