USA – Athian, an Indianapolis, IN-based cloud-based carbon marketplace for the livestock industry, raised a seed investment from Tyson Ventures, the venture capital arm of Tyson Foods, Inc., a food company and a leader in protein.
The amount of the deal was not disclosed. Rahul Ray, Investment Lead for Tyson Ventures, will be an observer to the Athian Board of Directors in connection with this investment.The company intends to use there funds to launch its transactional carbon credit inset program for the livestock sector that will provide producers economic incentives for on-farm sustainability practices, while helping improve the sustainability of the food system and reduce climate warming. Led by Paul Myer, CEO, Athian provides an industry-based analytics tool that enables the livestock industry to improve sustainability by providing carbon credits. Its carbon credit marketplace provides quality greenhouse gas credits that fund livestock producers’ sustainability measures.The company aggregates data for producers of all sizes through a connected carbon marketplace, allowing beef and dairy producers to monetize and capture value from sustainability efforts, such as GHG reductions. When it goes to market later this year, Athian’s carbon credit insetting platform will allow livestock farmers who implement sustainable practices the ability to earn revenue to fund those practices.14/03/2023
