INSANITY: Startup Raises $26.5 Million for VACCINE To Stop Cow FARTS and BURPS
INSANITY: Startup Raises $26.5 Million for VACCINE To Stop Cow FARTS and BURPS
ArkeaBio, a Boston developer of a vaccine to reduce livestock methane emissions, raised a $26.5 million in venture capital funding led by an investment fund founded by Bill Gates.
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Why it matters: Caring about cow farts (or burps) has become a political punchline, but they're estimated to create more than 5% of global greenhouse gasses.
Vaccines could be a relatively low-cost, scalable solution, particularly as food demand increases.
The science: Methane is much more potent than is carbon dioxide, in terms of its trapping atmospheric heat, although it also dissipates down faster.
The deal: Breakthrough Energy Ventures led the Series A round, and was joined by Grantham Foundation, AgriZeroNZ, Rabo Ventures, Overview Capital and The51 Food & AgTech Fund.
BEV previously funded ArkeaBio's $12 million seed round.
The bottom line: The whole thing feels a little dystopian — giving animals injections so they cook the planet a little less before we cook some of them — but agribusiness sailed over the dystopian hurdle long ago.
Source: axios.com
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Or, we could just stop feeding them grains.
So we are vaccinating cows to stop their farting…. Who do you think will pay for this insanity