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Venture Firms Back Startup Behind ‘Next Generation’ Nitrogen Fertilizer

Kula Bio will use $50 million investment to expand production of crop inputs.

U.S. startup Kula Bio has long-term plans to target growers of corn with its nitrogen fertilizer product.

U.S. startup Kula Bio has long-term plans to target growers of corn with its nitrogen fertilizer product.

Photographer: Daniel Acker/Bloomberg

Boston-based startup Kula Bio raised $50 million from venture funds to accelerate production of what it calls a “next generation” nitrogen fertilizer that’s designed to be more environmentally friendly than traditional crop inputs.

Lowercarbon Capital led the investment round that included backing from Collaborative Fund, Grantham Trust’s Neglected Climate Opportunities Fund and iSelect Fund, Kula Bio said Thursday in an emailed statement. The fertilizer firm was founded in 2018 using research developed at Harvard University.