Sensand lands $6M to make carbon credits more transparent with Web3

Written by
Will Richards
Published on

Melbourne-based AgTech, Sensand, has secured $6M in a single cheque from Robert Costa, chair of agricultural investment firm goFARM and his family fund Costa Asset Management. Sensand integrates agricultural land management, carbon project operations, and environmental markets onto one platform. The platform allows farmers to measure and validate the creation of carbon credits. Farmers can then go on to sell these credits on global carbon credit markets.

Sensand utilises data from multiple sources, including satellites, weather stations, drones and in-ground sensors. The measurement platform is called Blockbase, while the marketplace platform is called Mintly, both of which use Web3 blockchain technology.

Due Diligence: Startup Daily

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