Bill Gates invested in making cows safer for the environment
The Bill Gates Foundation has invested in a startup that will help cows produce less methane
Billionaires, including Bill Gates, have invested in Rumin8, an Australian climate tech startup aiming to revolutionise the animal agriculture industry by reducing methane emissions through a lab-grown feed additive.
Gates, through his firm Breakthrough Energy Ventures LLC, and Andrew Forrest’s Harvest Road Group, participated in a $12 million second seed funding round for Rumin8.
The Perth-based company is creating a livestock supplement made from synthetic bromoform, which is sourced from a red seaweed and is the active ingredient in the feed additive.
Investment from billionaires including Bill Gates, Jeff Bezos, Jack Ma and Michael Bloomberg will fund commercial trials aimed at reducing the impact of animal agriculture on global warming.
Gates and his investment group, Breakthrough Energy Ventures, have joined Andrew Forrest’s Harvest Road Group in a $12 million seed funding round for Rumin8, an Australian climate tech start-up that is developing a lab-grown feed additive.
The supplement, made from synthetically-replicated bromoform found in red seaweed, has the potential to cut cows’ methane emissions by 98%. Livestock contribute almost one-third of the world’s man-made methane emissions, the second-biggest contributor to global warming after carbon dioxide.
