News

Foley Hoag Represents Kula Bio in $10M Seed Financing

May 27, 2021

Foley Hoag LLP represented Kula Bio, a leader in sustainable nitrogen solutions, in closing a $10 million seed round led by Collaborative Fund, with participation from The Nature Conservancy, Lowercarbon Capital, Grantham Environmental Trust’s Neglected Climate Opportunities Fund, AgFunder, BOPU, Box Group, Decent Capital, Embark Ventures, iSelect Fund and Pillar VC. Kula Bio will use the funding to accelerate a path to market for Kula-N, its next generation nitrogen biofertilizer.

Founded in 2018, Kula Bio is a leader in sustainable nitrogen solutions. The company has developed a patent-protected, next generation nitrogen biofertilizer that works seamlessly for farmers, enabling them to meet their crop yield goals while improving their operations’ sustainability.

Foley Hoag attorneys Mark Haddad, Sara Mattern and Anna Snook represented Kula Bio in the transaction.