Bill Gates Funds a Startup to Stop Cows from Burping Methane to Combat 'Climate Change'
Microsoft co-founder and billionaire Bill Gates believes one of the solutions to combat climate change is to stop cows from burping methane.
Gates invested in a startup company in Australia that is exploring dietary supplements for cows in an effort to contain ‘greenhouse gas emissions.’
“Australian climate technology company Rumin8 has closed Phase 2 of its seed funding round, led by Bill Gates-founded Breakthrough Energy Ventures (BEV) with participation from Andrew and Nicola Forrest’s agri-food business Harvest Road Group,” according to the company’s news release
The funding will be used to accelerate the process of bringing Rumin8’s product to market.
“The Company conducted a Phase 2 seed round of funding, raising US$12 million to be spent on commercial trials in Australia, New Zealand, Brazil and the USA, product brand development, and pilot manufacturing plant development as Rumin8 moves towards commercialization of its methane busting feed additives. Funds from both seed rounds totaled approximately A$25m,” the company said.