MyLand gets $23 million investment from Proterra to expand U.S. and global reach

Phoenix-based agricultural technology firm MyLand has secured $23 million in a funding round led by Proterra Investment Partners LP. The investment will support the company’s expansion across the U.S. and into international markets, reinforcing the role of soil health in sustainable agriculture.

MyLand, known for its proprietary Soil as a Service platform, integrates live, native microalgae into farm operations to restore soil vitality. The company’s method enhances productivity, profitability, and sustainability for growers without disrupting existing farming practices. By improving water efficiency, nutrient absorption, and crop quality, MyLand aims to offer a scalable solution to key agricultural challenges such as soil degradation, water scarcity, and climate change.

The investment was secured in a difficult market, reflecting increased recognition of the economic and environmental benefits of MyLand’s approach. The company’s service has demonstrated strong returns for farmers across various geographies, soil types, and crops, positioning it as a valuable tool in modern agriculture.

Proterra Investment Partners, a global asset management firm specializing in food and agriculture investments, cited positive feedback from farmers using MyLand’s service as a key factor in its decision to invest. The firm will also take a seat on MyLand’s board of directors to support the company’s growth strategy.

The latest funding follows a $20 million Hardware as a Service loan facility secured from PaceZero Capital Partners in October 2024. Other participants in the investment round included existing shareholders such as Climate IC, the Borden Family Trust, multiple Climate IC LPs, and FarmClub Investments. The capital will enable MyLand to strengthen its presence in key agricultural regions, including California, Texas, Arizona, Washington, Oregon, and Alberta, while exploring new market opportunities.

With this financial backing, MyLand is positioned to scale its operations and further its mission of improving soil health as a cornerstone of agricultural sustainability.