This Startup Turns Almond Shell Waste Into Organic Fertilizer
Nitricity has raised $50 million from investors, including Chipotle and Khosla Ventures, in a bid to address public concerns over agrichemicals.
An almond orchard in California.
Photographer: David Paul Morris/BloombergChipotle Mexican Grill Inc. and Khosla Ventures LLC are among investors providing a fresh round of funding for a startup that makes fertilizer from ground almond shells.
Nitricity, founded by Stanford University graduates, announced Tuesday that it has raised $50 million to scale production of its organic and vegan fertilizer and expand across the US and into Europe. The company is targeting organic farmers amid heightened concerns over the environmental and health impact of agrochemicals, a movement boosted by Health and Human Services Secretary Robert F. Kennedy Jr.