Methane is a major climate threat, being 28 times more potent than carbon dioxide over 100 years and responsible for 30% of global temperature rise. The urgency to cut methane emissions has never been greater, especially as the world surpassed 1.5°C of warming in 2024.
Swedish startup Agteria Biotech has set an ambitious goal of reducing 1% of global greenhouse gas emissions by tackling methane emissions from cattle. Now, the company has raised €6 million in seed funding co-led by Industrifonden and AgriZeroNZ, with continued support from Norrsken Launcher and Mudcake. This will help in accelerating its efforts to bring its methane-reducing solution to market.
What’s next?
The new funding will enable the company to advance toward regulatory approval for its novel methane-reducing products for cattle, focusing on essential safety studies for animals, consumers, and the environment.
A breakthrough in methane reduction
One of the biggest contributors is cattle. Livestock farming is responsible for about 5% of total greenhouse gas emissions, primarily through methane released during digestion. This makes agriculture a key sector in the fight against climate change, and Agteria is stepping in with a game-changing solution.
Founded in 2023 by Martin Blomberg, Tommi Remonen, and Maia Lidbeck, Agteria Biotech has developed a patent-pending molecule that cuts methane emissions from cattle. Unlike existing solutions, Agteria’s approach is highly effective as it is demonstrated strong methane reductions in in-vivo trials, is scalable as it is designed for widespread adoption in both dairy and beef farming, and is cost-efficient offering the highest methane reduction per euro, making it economically viable.
With strong interest from meat and dairy producers as well as animal feed companies, Agteria’s innovation is gaining traction as a promising tool in the battle against climate change.
A step towards a greener future
Agteria Biotech is proving that climate innovation and economic viability can go hand in hand. By offering a scalable, cost-effective methane reduction solution, the company is not just helping farmers but playing a pivotal role in the global climate fight. With its strong scientific foundation and growing industry interest, it is a startup to watch as the world races to curb emissions and build a more sustainable future.
“Our goal from the start has been to create a solution that is not only effective but also scalable, affordable, and, above all, safe,” said Martin Blomberg, CEO of Agteria. “Methane levels in the atmosphere have never been higher, in 2024 global temperatures surpassed 1.5 degrees for the first time, and reducing methane is the most impactful short-term action we can take to combat warming. Together with our new investors, combining deep-tech experience and strong market knowledge we are ready to accelerate this critical work.”
“Agteria’s progress in a short time is remarkable, driven by a small, highly ambitious, and energetic team. We’re excited to support their journey as they bring a unique, scalable, science-backed innovation with the potential to significantly reduce agricultural greenhouse gas emission,” said Mala Valroy, Investment Manager at Industrifonden.
“We’re actively scanning the world for innovative ventures to invest in to help farmers reduce emissions. We’re proud to back Agteria to accelerate the development of a practical, effective solution suitable for grazing systems in New Zealand and around the world,” said Wayne McNee, Chief Executive at AgriZeroNZ.
