Windfall Bio, a leader in methane-to-value solutions, announced its $28 million Series A funding round led by Prelude Ventures with participation from Amazon’s Climate Pledge Fund, Global Brain, Incite Ventures, and Positive Ventures. Supporting its commercial pipeline, the new capital will enable Windfall to expand pilot deployments across methane-intensive industries including agriculture, oil and gas, and waste management. Windfall will also invest resources to continue building out its team, manufacturing capacity and supply chain to meet growing global customer demand for methane mitigation solutions.
Methane contributes to 30 percent of the planet’s warming, and capturing these emissions is a unique opportunity to reduce global emissions quickly and significantly, especially as market demand and regulatory pressures mount.
“However, methane represents an important resource that can create significant value for customers if they are given the right tools. We’ve seen early commercial traction and with the support of our strategic investors, Windfall will empower customers across industries to eliminate harmful methane emissions and create valuable outputs in return,” said Josh Silverman, co-founder and CEO of Windfall Bio.
Windfall’s nature-based solution harnesses methane-eating microbes—referred to as mems—that capture methane from any source while also capturing nitrogen from the air to produce organic fertilizer on customers’ sites. For agriculture and industrial customers, mems create value by improving soil health, enabling emissions tracking and reporting, improving resource efficiency, and generating new revenue streams from the sale of organic fertilizer.
“Windfall Bio’s approach to methane mitigation creates an exciting greenhouse gas emissions reduction opportunity for agricultural customers and other industries,” said Nick Ellis at Amazon’s Climate Pledge Fund. “We look forward to piloting Windfall Bio with our Whole Foods Market suppliers, and delivering results together in the coming years.”
“Windfall Bio is a cost effective and simple methane mitigation solution that increases the efficiency, profitability, and sustainability of methane emitting industries. Uniquely, Windfall’s approach can rapidly scale globally across large industries to meaningfully reduce methane emissions,” said Mark Cupta, Managing Director at Prelude Ventures.
