Loam

Fungus eats carbon and pays farmers.

About

Founded

2018

Headquarters

Orange, New South Wales, Australia

Industry

Climate, Biotech

Company Description

Loam works with 4.5 billion years of evolution to solve the climate crisis. Microbes have changed the composition of our atmosphere through earth’s history. At Loam, we are ensuring these organisms can do it again. Through a better understanding of how microbes influence the carbon cycle, we can create new planetary-scale opportunities for carbon sequestration and improve agricultural productivity.

Quick Links

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Funding

Total Raised

$150 million

Valuation

Undisclosed

Significant Investors

Wollemi Capital, Lowercarbon Capital, Horizons Ventures, Acre Venture Partners, Main Sequence, Clean Energy Finance Corporation, Grok Ventures

Company Traction

  • As of June 2023, Loam claims its biotechnology can potentially remove up to 8.5 gigatons of CO2 annually.
  • As of February 2023, Loam has sown 6,000 individual trial plots across 29 locations in 2 countries. Data from the trial plots indicate that the farmers could increase carbon units per hectare by 3x-6x, up from 0-2x, via other land management practices.

Leadership Team

  • Guy Hudson: Co-Founder & CEO of Loam. Former Managing Director at SparkLabs Cultiv8.
  • Tegan Nock: Co-Founder & CPO of Loam. Former Corporate Affairs at Grains Research and Development Corporation.
  • Abed Chaudhury: Head of Research Innovation at Loam. Former Director at VitaGrain and VitaRice.
  • John Lin: VP of Finance at Loam. Former Associate Director at KPMG Australia. 

Press

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