Introduction

Vancouver-based AgTech firm Terramera has launched a new business, EnrichAg, to specifically tackle the challenges faced by farmers regarding soil composition. The creation of EnrichAg aims to provide affordable, rapid, and accurate soil composition analysis methods, empowering farmers to better understand their soil health and minimize fertilizer expenses. In this article we talk about Terramera’s plans to address farmer’s problems.  

Terramera Plans for Future Subsidiaries

Terramera plans to establish additional subsidiaries in the future, each focusing on specific farmer’s problems. The company's founder and CEO, Karn Manhas, stated that EnrichAg's introduction signifies an evolution in Terramera's history. To support these endeavors, Terramera is actively fundraising, recognizing the immense potential of its intellectual property and technology stack in addressing various farmer's problems. Since its establishment in 2010, Terramera has been dedicated to offering innovative solutions to the agricultural industry, including reducing synthetic pesticide usage, enhancing crop resiliency and quality, supporting regenerative agronomy, and measuring soil carbon. EnrichAg will operate as an independent subsidiary of Terramera, with the majority ownership held by the parent company. While the CEO of EnrichAg has already been appointed, their identity will be disclosed at a later date.  

EnrichAg Secures $6M Funding to Solve Farmer’s Problems

EnrichAg has already secured $6 million USD in equity funding from At One Ventures, a San Francisco-based climate tech venture capital firm. This investment marks the initial stage of a planned $15 million seed round, which EnrichAg anticipates completing in early 2023. The capital injection will fuel the launch of EnrichSoil, EnrichAg's first product. EnrichSoil, a comprehensive platform encompassing both hardware and software components, will revolutionize soil composition analysis. Leveraging Terramera's Intelligence Engine, novel sensing technology, computational chemistry, machine learning, and IP portfolio, EnrichSoil enables farmers and agronomists to accurately measure vital nutrients like nitrogen, phosphorus, potassium, and carbon in the soil. According to Manhas, soil serves as the foundation of agriculture and the food system. However, contemporary farming practices have led to the depletion of topsoil, posing a grave threat. Manhas believes that precise and efficient soil health measurement represents not only a solution to this challenge but also a tremendous business opportunity.  

Terramera Expands Agricultural Solutions

While EnrichAg is initially focused on soil analysis, Terramera intends to leverage its intellectual property and technology stack to create more subsidiaries dedicated to addressing specific challenges in the agricultural industry. Terramera's strategic partnership with an undisclosed regenerative agricultural network has already facilitated the launch of EnrichAg's alpha product. Additionally, the company is actively working on the beta version, with plans for a limited commercial release in 2023. This rollout will allow farmers and agronomists to benefit from EnrichSoil's groundbreaking capabilities.   Conclusion Terramera's establishment of EnrichAg underscores its commitment to revolutionizing the agricultural sector and assisting farmers in overcoming their challenges. By offering precise soil composition analysis, EnrichAg empowers farmers to make informed decisions about soil health and reduce fertilizer costs. As Terramera continues to explore the creation of new subsidiaries, the company aims to harness its intellectual property and technology to address various significant problems affecting the agricultural industry. See our Blog