Swedish agricultural technology company Arevo has raised €7.3 million (approx. $7.9 million) to expand production of its bio-based fertilizer and support international growth. The round was backed by existing investors Industrifonden, Fort Knox Förvaring AB, Navigare Ventures, and Stora Enso, who also participated in the company's €6.8 million ($7.3 million) raise in 2024.
Arevo develops arginine phosphate, a bio-based fertilizer designed to improve soil nutrient retention while reducing nitrogen leakage and greenhouse gas emissions. The company's technology offers a sustainable alternative to traditional nitrogen-based fertilizers, which account for roughly 5% of global greenhouse gas emissions, almost double that of the aviation sector.
The innovation is based on the research of Professor Torgny Näsholm at the Swedish University of Agricultural Sciences, a pioneer in plant nutrition. Arevo's approach leverages arginine-a natural amino acid-to deliver nitrogen in a form that binds to soil particles rather than washing away with rainfall. This results in stronger root systems, healthier soils, and lower emissions, according to the company.
Strengthening leadership for growth
In conjunction with the new funding, Arevo has expanded its board with several new members. Maria Wetterstrand, former spokesperson of Sweden's Green Party and now CEO of Miltton Europe, joined the board in March. Her experience in EU sustainability and regulatory affairs is expected to play a key role as the company navigates environmental and climate policy developments in Europe.
