At RTP Global, we are always looking to back visionary, tech-driven solutions that tackle the world’s most pressing challenges.
And today, we’re excited to announce our lead investment in Varaha’s $8.7M Series A round, fueling the next phase of its growth as it scales high-quality, nature-based carbon credit solutions across Asia and Sub-Saharan Africa.
With Morgan Stanley estimating the voluntary carbon offset market to reach $250 billion by 2050, the demand for verifiable, high-integrity carbon credits is only accelerating. Yet, a critical gap remains: for carbon markets to truly move the needle on climate action, they must include agriculture, which accounts for nearly 24% of global greenhouse gas emissions.
Varaha is solving this by democratizing access to carbon markets for smallholder farmers, equipping them with the technology and financial incentives to participate in global carbon trading.
Through AI-powered analytics, remote sensing, and scientific modeling, Varaha generates verifiable, high-quality carbon credits from projects like regenerative agriculture, afforestation, and biochar production—all while driving economic and environmental benefits for farming communities.
Why we are backing Varaha
Since its launch in 2021, Varaha has rapidly emerged as a category-defining company in climate-tech, making impressive strides in scaling carbon credit solutions:
- 700,000+ acres enrolled across South Asia and Africa
- 230,000+ carbon credits contracted and sold to major global buyers, including Denmark’s Klimate, Germany’s Good Carbon, and Switzerland’s Carbon Future
- A diversified carbon credit portfolio spanning regenerative agriculture, afforestation, and biochar projects
Varaha isn’t just a carbon credit provider—it’s building the infrastructure to make carbon markets more inclusive, transparent, and scalable. Its full-stack Measurement, Reporting, and Verification (MRV) platform is a game-changer, using cutting-edge AI and remote sensing to ensure accuracy, traceability, and trust in the credits it generates.
“Varaha is unlocking a new frontier in the voluntary carbon market by making it accessible to farmers who traditionally wouldn’t have the resources to participate,” said Galina Chifina, Partner at RTP Global. “Their tech-first approach to nature-based carbon credits is exactly what the industry needs to scale sustainably.”
A win-win for climate and communities
Beyond emissions reductions, Varaha’s projects deliver tangible benefits for farming communities, including:
- Higher crop yields & enhanced soil fertility
- Water conservation & increased biodiversity
- Additional income streams from carbon credit sales
- Greater resilience against climate change
Varaha is also at the forefront of emerging carbon removal technologies, such as Enhanced Rock Weathering, which boosts soil productivity while permanently sequestering carbon.
Building the future of carbon markets
With this new round of funding, Varaha is set to:
- Expand operations across Asia and Sub-Saharan Africa
- Quadruple its number of partners in the next 12-15 months
- Advance its MRV technology to enhance measurement precision and verification speed
- Develop next-gen climate solutions, including new applications for biochar and rock weathering
“This investment validates our vision to make carbon markets more accessible and impactful,” said Madhur Jain, Co-Founder & CEO of Varaha. “With RTP Global’s support, we’re scaling our operations, expanding into new markets, and ensuring that smallholder farmers play a key role in the fight against climate change.”
At RTP Global, we believe that climate-tech will define the next decade of global innovation – and Varaha is leading the charge in reshaping the carbon credit economy. By bridging the gap between smallholder farmers and global buyers, the company is proving that carbon markets can be both profitable and planet-positive.
Varaha’s ambitious goal? Sequester 1 billion tonnes of carbon by 2030. And with its momentum, we have no doubt it’s on the right path to making that vision a reality. We’re thrilled to be backing Varaha in this journey and we can’t wait to see what’s next.
Read more about Varaha and its fundraise in TechCrunch.
