Nitricity has secured $50 million in Series B funding to expand its innovative technology that converts almond waste into sustainable organic fertilizers, with plans for a significant U.S. and European market presence.

Information on the Target

Nitricity, a pioneering climate technology startup, has recently closed a $50 million Series B funding round. The company specializes in producing sustainable organic nitrogen fertilizers by transforming almond waste into a unique product known as Ash Tea. Completed just before the groundbreaking of its first organic fertilizer plant in Delhi, California, this investment will support its expansion plans into the European market.

Founded in 2018 by a group of graduate students from Stanford University, including Dr. Nicolas Pinkowski, Dr. Joshua McEnaney, and Dr. Jay Schwalbe, Nitricity was born from a simple experiment involving solar-powered systems and a single lemon tree. Its flagship product, Ash Tea, has demonstrated significant effectiveness with farmers, providing up to a 30% yield increase during field trials.

Industry Overview in the Target’s Specific Country

The fertilizer industry in the United States, valued at approximately $150 billion, is evolving as stakeholders seek more sustainable agricultural practices. Traditional fertilizers, particularly those produced through the Habe