Categories: AgriTechITSupply
Eion is an enhanced rock weathering company. They put crushed olivine on agricultural fields which increases the pH (lowers the acidity) as a direct subsitute for aglime. Additionally it permanently sequesters carbon out of the air and turns it into rock. They can sequester up to 1 ton per acre per year depending on the acidity of the field. This is one of the few startups we've seen, not just in ag, but in general, that has the potential to sequester carbon on a massive scale. They have secured a supply agreement with Sibelco, the largest olivine producer in the world. They also joined in the round as an investor.
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Investors 5
Funding Rounds 1
| Date | Series | Amount | Investors |
| 18.12.2022 | Series A | $12M | - |
Mentions in press and media 7
| Date | Title | Description | Source |
| 16.11.2023 | The Week in AgriFoodTech: Delivery startup Crisp bags $38m, ... | Announcements from this week suggests foodtech funding rounds are slowly gaining speed again. Crisp ... | agfunderne... |
| 18.10.2023 | Enhanced rock weathering startup Eion predicts dramatic grow... | [Disclosure: AgFunderNews’ parent company AgFunder is an investor in Eion]
Eion—a startup with a pa... | agfunderne... |
| 09.03.2023 | NEW REPORT: Climate agrifoodtech bucks global funding declin... | Editor’s Note: AgFunder is AFN’s parent company.
There’s no denying the second half of 2022 was ter... | agfunderne... |
| 18.12.2022 | Eion Closes $12M Series A Funding | Eion, a Princeton, NJ-based permanent carbon removal technology company, raised $12M in Series A fun... | finsmes.co... |
| 15.12.2022 | Stripe-backed Eion digs up $12M Series A to help farms captu... | Agriculture produces what might be some of the hardest planet-warming carbon emissions to eliminate.... | techcrunch... |
| 15.12.2022 | Eion Receives $12M Series A Funding |
PRINCETON, NJ, Eion, a permanent carbon removal technology company, has announced the close of a S... | vcnewsdail... |
| - | Eion | “Eion removes atmospheric CO2, permanently and verifiably, with enhanced rock weathering on soil”... | fastfounde... |
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