Securing $28 million in Series A funding, Windfall Bio is set to commercialize its innovative methane capture solution, promising a sustainable future for agriculture, waste management, and oil and gas industries.
In an ambitious stride towards addressing climate change, Windfall Bio has successfully secured $28 million in Series A funding to scale up its pioneering methane capture and transformation solution. This round of funding, spearheaded by Prelude Ventures with contributions from notable investors including Amazon’s Climate Pledge Fund, marks a significant leap forward in the commercialization of Windfall Bio’s cutting-edge technology. The Menlo Park, California-based company is set on a path to revolutionize methane intensive industries such as agriculture, oil and gas, and waste management through its nature-based solution.
Methane, a greenhouse gas that is 86 times more potent than carbon dioxide over a 20-year period, has long been a significant contributor to global warming. Its concentrations in the atmosphere have more than doubled since pre-industrial times, further exacerbating the planet’s warming. Capturing methane emissions presents a unique yet underutilized opportunity to significantly curb global emissions. Windfall Bio’s inventive approach not only captures methane inexpensively but also produces high-quality fertilizer on-site, offering a sustainable by-product for customers to utilize or sell.
Josh Silverman, co-founder and CEO of Windfall Bio, emphasized that methane emissions represent not just a challenge but also an untapped resource that can generate substantial value with the right technological applications. With the backing of strategic investors, Windfall Bio is poised to empower customers across several industries to not only eliminate harmful methane emissions but also create valuable outputs.
The innovative solution relies on methane-eating microbes—dubbed mems—that not only capture methane from various sources but also harness nitrogen from the air to generate organic fertilizer directly on customers’ premises. This process provides a myriad of benefits for agriculture and industrial customers including improved soil health, enhanced emissions tracking and reporting, increased resource efficiency, and new revenue opportunities through the sale of organic fertilizer.
Highlighting the potential impact of Windfall Bio’s technology, Nick Ellis from Amazon’s Climate Pledge Fund expressed excitement over piloting Windfall Bio’s solution with Whole Foods Market suppliers. He anticipates delivering tangible results in the forthcoming years, pointing towards a sustainable future for the agricultural sector and beyond.
Mark Cupta, Managing Director at Prelude Ventures, praised Windfall Bio’s methane mitigation solution as not only cost-effective and simple but also capable of global scalability across various large industries, charting a significant path towards reducing methane emissions.
Since its exit from stealth in March 2023, Windfall Bio has amassed a total fundraising amount of $37 million. This financial milestone underscores the growing recognition and need for effective methane mitigation solutions. Over the last year, Windfall Bio has met several key milestones, including the expansion of its executive team and Board of Advisors and being named one of Fast Company’s Next Big Things in Tech for its potential to shape the future of methane mitigation.
Founded in 2022, Windfall Bio stands at the forefront of combating climate change with its novel solution. Their venture-backed initiative boasts support from leading firms, underscoring the broad-based confidence in its capacity to transform methane from a potent greenhouse gas into a source of organic fertilizer. As the company forges ahead, Windfall Bio’s innovative approach offers hope for a more sustainable and profitable future for industries grappling with methane emissions, turning a critical environmental challenge into a windfall.