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MyLand Company Completes $12M First Closing of Series B
- Ag Newswire
MyLand Company Inc. (“MyLand”), a soil health company, announced today the recent successful first closing of its Series B financing round led by The Borden Family Trust and Waterpoint Lane. The new $12M investment will fuel MyLand’s growth, enabling the expansion of its footprint and the strengthening of its innovation activities.
The financing will support the company’s leading efforts in soil health by providing a scaling-up solution for growers in their regenerative agriculture efforts in key regions of California, Arizona, Texas, Florida, and the Pacific Northwest.
Michael Borden, of The Borden Family Trust stated, “We see MyLand’s service as an entirely different method to providing growers an affordable and simple regenerative agriculture process; one that has an amazing impact on the health of their soil and in turn, their crops.” Borden continued, “we look forward to this collaborative leadership to implement the company’s service and technology onto more farms and to demonstrate its potential for improving the nation’s soil.”
Ben Gibbons of Waterpoint Lane noted, “I am pleased to share that Waterpoint Lane has completed an investment in MyLand. We are super excited to work with Dane Hague, Peter Williams, and the rest of the MyLand team on driving scalable regenerative agriculture through their farmer-focused service paired with their innovative systems, that have resulted in increased soil organic matter, water holding capacity, soil aggregation, and carbon storage.”