Applied Carbon raises $72m for biochar as redalpine and Just Climate close funds
Biochar company Applied Carbon has raised $72 million. Separately, redalpine and Just Climate have closed their funds.
Applied Carbon has raised $72 million for biochar-related activity. Biochar is a charcoal-like material made from biomass and is associated with carbon removal. The news appears in the "Agrifood Signals" roundup from AgFunderNews, a publication covering agrifood technology investment.
The same roundup reports that redalpine and Just Climate have closed their funds. Both are investment firms working in the climate and sustainability space. The text available from the source does not say how large either fund is, what they plan to invest in, or who backed Applied Carbon's round.
The source page supplied only a headline and a legal disclaimer about AgFunder's limits of liability. Further details on the deals, their terms and planned projects are therefore not confirmed here. Full information would have to come from the roundup itself or from company announcements.
