Latham & Watkins advised Climate Innovation Capital on Groundwork BioAg

Latham & Watkins advised Climate Innovation Capital on Groundwork BioAg

The deal was worth US$18 million in Series B fundraiser

Latham & Watkins has advised Climate Innovation Capital as the lead investor in Groundwork BioAg, a leading producer of mycorrhizal inoculants with broad benefits for mainstream agriculture.

The fundraising underscores the demand for biologicals that increase yield while providing carbon mitigation, sequestration, and regenerative solutions.

The round was led by Climate Innovation Capital, with participation from HSBC Asset Management, BASF Venture Capital, Edaphon, and other investors.

The Latham & Watkins team was led by London corporate partner Mike Turner, with associate Samantha Si.