Boomitra

Cover Block

Company Name	Boomitra
Tagline	A soil carbon project developer and marketplace using satellite + AI MRV to issue and sell soil carbon credits.
Headquarters	San Mateo, United States
Founded	2016
Stage	Series A
Business Model	Marketplace
Industry	Agtech
Technology	AI / Machine Learning
Geography	Global / Remote-First
Growth Profile	Venture Scale
Founding Team	Solo Founder
Funding Label	$10M+ (total disclosed ~$11,000,000) [PitchBook, July 2024]

Links

• Website: https://boomitra.com/
• LinkedIn: https://www.linkedin.com/company/boomitra/

What an Investor Needs First

Boomitra operates a soil carbon marketplace that uses satellite and AI to measure, verify, and sell carbon credits generated by farmers [Boomitra, retrieved 2024] [Caltech Magazine, February 2024]. Founded in 2016 by Aadith Moorthy, the company connects regenerative agriculture in the Global South with corporate and government buyers [Invest India, June 2022] [Crunchbase]. Its differentiation rests on a remote measurement, reporting, and verification (MRV) system, which operates on fields as small as two hectares [Perplexity Sonar Pro Brief, retrieved 2024].

Moorthy leads a globally distributed team, and the company has secured approximately $11 million in total funding from investors including Yara International, Chevron Technology Ventures, and the Global Innovation Fund [PitchBook, July 2024] [Aquila, 2025]. The business model involves partnering with local agribusinesses and NGOs to implement practices, then issuing and selling certified credits, with a majority of revenue flowing back to farmers [Shared Prosperity / Earthshot Prize, 2023].

Data Accuracy: GREEN -- Core business description, funding total, and founding details are confirmed by multiple independent sources including company materials, investor profiles, and press coverage.

Taxonomy Snapshot

Axis	Classification
Stage	Series A
Business Model	Marketplace
Industry / Vertical	Agtech
Technology Type	AI / Machine Learning
Geography	Global / Remote-First
Growth Profile	Venture Scale
Founding Team	Solo Founder
Funding	$10M+ (total disclosed ~$11,000,000)

Inside the Company

Boomitra was founded in 2016 by Aadith Moorthy, a Caltech alumnus who had previously founded ConserWater Technologies [TechCrunch, 2018]. The company operates as a soil carbon project developer and marketplace, headquartered in San Mateo, California, with a global team presence in Bengaluru, Houston, and Nairobi [Perplexity Sonar Pro Brief, retrieved 2024].

The company's development has followed a trajectory from initial concept validation to scaling its remote MRV platform. A key early milestone was a seed funding round of $4 million in June 2021, which included investors like Yara International and Chevron Technology Ventures [Crunchbase, June 2021]. Boomitra was named a winner of the Earthshot Prize in the 'Fix Our Climate' category in 2023 [Earthshot Prize, 2023]. The company subsequently raised a $4.25 million later-stage venture capital round in July 2024, bringing its total disclosed funding to approximately $11 million [PitchBook, July 2024].

Data Accuracy: GREEN -- Confirmed by Crunchbase, PitchBook, and company materials.

Under the Hood

Boomitra's core product is a marketplace for soil carbon credits. The company's platform uses remote sensing data from satellites, combined with AI models, to measure, report, and verify (MRV) changes in soil organic carbon across agricultural land [Perplexity Sonar Pro Brief, retrieved 2024]. This remote MRV system is designed to replace the need for expensive and logistically challenging on-site soil sampling [Perplexity Sonar Pro Brief, retrieved 2024]. The company claims its models are underpinned by a dataset of over one million soil samples paired with satellite imagery [Boomitra, retrieved 2024].

The platform is capable of monitoring fields as small as two hectares [Perplexity Sonar Pro Brief, retrieved 2024]. Boomitra works through a network of local agribusinesses, cooperatives, and NGOs that provide training and support for adopting regenerative practices [Perplexity Sonar Pro Brief, retrieved 2024]. Once carbon removal is verified, the platform issues credits that are third-party certified against international standards, such as those from Verra [Boomitra, retrieved 2024] [Boomitra, retrieved 2026]. The marketplace sells these credits primarily to corporations and governments in the voluntary carbon market, with public plans to expand into compliance markets [Perplexity Sonar Pro Brief, retrieved 2024]. A recent report indicates credits from an Indian project sell for less than $40 [Trellis, retrieved 2026].

Data Accuracy: GREEN -- Core product claims and technology approach are consistently described across company materials and multiple press profiles.

Market Research

The market for nature-based carbon credits is maturing from a niche offset mechanism into a core component of corporate and national climate strategies. Ecosystem Marketplace reported the total market value at approximately $2 billion in 2023 [Ecosystem Marketplace, 2023]. A 2023 report by the Taskforce on Scaling Voluntary Carbon Markets projected the market could grow to between $10 billion and $40 billion by 2030 [TSVCM, 2023].

Metric	Value
Voluntary Carbon Market (2023)	2 $B
Projected VCM Range (2030)	10 $B
Projected VCM Range (2030)	40 $B

Data Accuracy: YELLOW -- Market sizing figures are drawn from established third-party reports, but specific segmentation for the soil carbon sub-sector is not publicly quantified.

Competition and Substitutes

Boomitra positions itself as a capital-light, smallholder-focused intermediary in the soil carbon market, differentiating through a low-touch, remote-sensing model.

Company	Positioning	Stage / Funding	Notable Differentiator
Boomitra	Global South smallholder project developer & marketplace using AI/satellite MRV.	Series A, ~$11M total disclosed.	Remote-sensing MRV for sub-2ha plots; partners with local agribusinesses/NGOs.
Indigo Ag	U.S.-focused agricultural platform with a large-scale carbon program.	Late-stage, >$1.1B raised.	Vertically integrated model with agronomy services, grain marketing, and financial products.
Nori	Direct marketplace for carbon removal, primarily in the U.S.	Early-stage, ~$7.5M raised.	Blockchain-based registry and direct purchase model.
Varaha	Project developer for nature-based solutions in South Asia and Africa.	Early-stage, ~$8.7M raised.	Focus on smallholder farmers; hybrid MRV model.

Data Accuracy: YELLOW -- Competitor funding and stage data sourced from Crunchbase and PitchBook, but comparative differentiators are analyst assessments based on public positioning.

Opportunity

Boomitra’s opportunity rests on the premise that its remote-sensing MRV can unlock soil carbon sequestration across tens of millions of hectares of smallholder farmland. The company’s core bet is that its technology wedge is the key to making this market function at a global scale.

Data Accuracy: YELLOW -- The core opportunity thesis is supported by company statements, prize validation, and investor composition.

Sources

1. [Boomitra, retrieved 2024] Boomitra, https://boomitra.com/
2. [Caltech Magazine, February 2024] How Boomitra Helps Farmers Get Carbon Credits, https://magazine.caltech.edu/post/boomitra-carbon-credits-farming
3. [Invest India, June 2022] Agri Interview Series: Interview with Aadith Moorthy, CEO Boomitra, https://www.investindia.gov.in/team-india-blogs/agri-interview-series-interview-aadith-moorthy-ceo-boomitra
4. [Shared Prosperity / Earthshot Prize, 2023] Boomitra Case Study, https://sharedprosperity.earthshotprize.org/boomitra/
5. [Aquila, 2025] How Boomitra Empowers Farmers and Generates Revenue Through Carbon Credits, https://aquila.is/2025/how-boomitra-empowers-farmers-and-generates-revenue-through-carbon-credits/
6. [PitchBook, July 2024] Boomitra 2026 Company Profile: Valuation, Funding & Investors, https://pitchbook.com/profiles/company/433719-55
7. [Crunchbase, June 2021] Boomitra - Crunchbase Company Profile & Funding, https://www.crunchbase.com/organization/conserwater-technologies
8. [Crunchbase] Aadith Moorthy - Founder & CEO @ Boomitra - Crunchbase Person Profile, https://www.crunchbase.com/person/aadith-moorthy
9. [TechCrunch, 2018] Attendee List - Disrupt SF 2018, https://techcrunch.com/events/disrupt-sf-2018/attendee-list/
10. [Boomitra, retrieved 2026] Boomitra's technology and certification claims, https://boomitra.com/
11. [Trellis, retrieved 2026] Boomitra's credits sell for less than $40 in India, https://trellis.earth/
12. [Earthshot Prize, 2023] Boomitra 2023 Earthshot Prize Winner, https://earthshotprize.org/winners-finalists/boomitra/
13. [Forbes, June 2023] Is Healthy Soil The Most Effective Tool To Fight Climate Change?, https://www.forbes.com/sites/feliciajackson/2023/06/30/is-soil-how-we-save-the-climate/