Progress Update | Scorecard Q3 FY24

22 May 2024

Keep track of our progress to get emissions reduction tools into farmers’ hands.

Q3 FY24 highlights (1 January - 31 March 2024)

  • $9.9m investment in a US methane vaccine startup, ArkeaBio (previously noted on Q2 FY24 Scorecard as undisclosed while the funding round was ongoing)

  • S5m investment in BioLumic, a NZ biotech company utilising UV light to develop new pasture to reduce emissions and boost productivity.

  • $1m investment to establish a new vaccine venture to accelerate the New Zealand research and attract external funders. 

  • $29.2m has now been allocated across 10 investments.

  • We have 77 other potential investment opportunities on our radar – and we continue to scan the globe for solutions that will work for our pastoral farming system.  

DOWNLOAD PDF: Scorecard Q3 FY24

This Scorecard summarises progress as at 31 March 2024 (end of Q3 FY24).