MyLand Closes $23 Million in Funding led by Proterra Investment Partners
New Capital Will Fuel Expansion of MyLand’s Unique Soil as a Service Platform
Phoenix, Arizona – January 28, 2025 – MyLand, a leading innovator in soil health, announced today that it has closed $23 million in funding in a round led by Proterra Investment Partners LP. This influx of capital will support MyLand’s rapid, contracted growth with both new and existing growers across the U.S. and into international markets, underscoring the importance of soil as the foundation of sustainable agriculture.
“This funding, secured in a highly challenging market and at an incremental valuation, is a testament to the growing recognition that soil health is foundational to agricultural success,” said Dane Hague, Co-Founder and CEO of MyLand. “The proven results of our service—delivering strong economic returns to farming partners across geographies, soil types, and crops—demonstrate the critical role MyLand plays in modern agriculture. Soil is an essential natural resource, and our unique ability to rapidly rebuild it has far-reaching benefits: improved water and nutrient efficiency, enhanced nutrition, greater climate resilience, and better livelihoods for the farmers and ranchers who provide the food on our tables.”
MyLand’s innovative service harnesses the power of live, native microalgae to rejuvenate soil health, improving productivity, profitability, and sustainability for growers. Unlike conventional methods, MyLand integrates seamlessly into existing farm operations, providing a scalable, farmer-friendly service that delivers measurable improvements across key metrics like crop yields, product quality, water efficiency, and soil vitality.
As the agricultural industry faces mounting financial challenges, water scarcity, soil degradation, and the impacts of climate change, MyLand’s solution offers a simple and scalable path forward. By improving soil health, MyLand empowers farmers to produce more with fewer resources, contributing to a more resilient and sustainable food system.
“We are excited to make this investment in MyLand and to join the board of directors,” said Scott DeVos, Managing Director of Proterra Investment Partners. “We have been continually impressed by the positive and tangible feedback we have received from growers implementing the MyLand service, as well as by the team that MyLand is building. We believe the opportunity is significant for MyLand, and we look forward to helping the company achieve its growth and profitability goals.”
This $23 million financing follows a $20 million Hardware as a Service loan facility from PaceZero Capital Partners in October 2024. Additional investors in the round included existing shareholders, namely Climate IC and the Borden Family Trust, multiple Climate IC LPs, and FarmClub Investments. Collectively, this funding will enable MyLand to scale operations and expand its reach in key agricultural regions. With a strong presence in California, Texas, Arizona, Washington, Oregon, and Alberta, MyLand is poised to deepen its impact on North American agriculture while exploring opportunities for growth in new markets.
For more information about MyLand and its innovative soil health solutions, please visit myland.ag.
About MyLand
MyLand is a soil health company. MyLand’s innovative and patented technology and unique Soil as a Service™ approach allows farmers to easily and rapidly implement regenerative agriculture practices and improve their soil health by harnessing the land’s own native ecosystem, because No Two Farms Are Alike™. MyLand partners with farmers to infuse life into their soil, helping to return farms to their most fertile state, achieving greater productivity and enhanced profitability. By improving soil health, MyLand is helping to tackle two of the world’s biggest challenges: food security and climate disruption. For additional information on how MyLand is transforming soil health globally, visit www.MyLand.ag.
About Proterra Investment Partners
Proterra is an alternative asset manager that makes investments across the food value chain from farm to fork. The firm, which spun out of Black River Asset Management — a wholly owned, independently managed division of Cargill — focuses on seven core investment verticals: Credit, Farmland, Growth Equity, Private Equity, Sustainability, Asset-backed Strategies, and Real Estate. Led by a team that has worked together for more than a decade, Proterra manages approximately $3.3 billion in regulatory assets under management. Headquartered in Minneapolis, the firm employs 66 professionals across five global offices: Minneapolis, São Paulo, Shanghai, Singapore, and Sydney. For more information, visit https://www.proterrapartners.com/.
Media Contact:
Nicole Small
MyLand Director of Marketing