The ag tech startup Blue Ocean Barns has raised a $20 million Series A financing round, Axios has learned, as it looks to expand its seaweed-based food additive that reduces methane emissions from cattle.
Why it matters: The fundraising helps the company, which in turn helps the climate. Cows generate about 4% of U.S. greenhouse gas emissions and roughly 9% of global emissions.
Blue Ocean Barns says its additive slashes cows' methane emissions by 80%, enabling meat and dairy companies to cut Scope 3 emissions.
