Miraterra Soil, a Canadian ag-tech company focused on advanced soil measurement and analytics, has raised $16 million in an oversubscribed financing round, exceeding its original target of $13.9 million. The round was led by At One Ventures, with participation from Farm Credit Canada, S2G Investments, Sitka Foundation, and iSelect. The funding follows Miraterra’s 2025 acquisition of Trace Genomics’ assets, including intellectual property, analytical tools, and laboratory facilities in Ames, Iowa.
The new capital will support the expansion of Miraterra’s AI-driven platform, which integrates biological, chemical, and physical soil data to generate actionable insights for farmers and agricultural stakeholders. The company plans to accelerate commercial rollout, extend its measurement capabilities beyond soil into plants and food, and scale global operations and partnerships.
Miraterra’s platform combines geospatial tools, spectroscopy, genomics, and artificial intelligence to create a comprehensive understanding of soil systems. Its proprietary soil DNA library and “Digitizer” device enable high-resolution analysis designed to improve agricultural productivity, sustainability, and food quality.
The company’s approach aligns with broader policy momentum in Canada around climate-smart agriculture and soil health, including the proposed National Strategy for Soil Health Act. Miraterra aims to play a key role in enabling data-driven agricultural policy and advancing regenerative farming practices.
The funding will also deepen the company’s AI and data science capabilities, positioning it to deliver scalable, cost-effective solutions across the agricultural value chain while supporting long-term soil health and environmental outcomes.
KEY QUOTES
“We’re so grateful to our incredible investors for stepping up to support us in this round. Building on our acquisition of Trace Genomics’ assets, this funding empowers us to scale our platform that gives the land a voice by translating soil’s biological and chemical intelligence into actionable insight through AI, genomics, and spectroscopy. By uniting Trace’s technology, lab, and talented team with Miraterra, we’re accelerating our mission to deliver soil-to-table measurement worldwide. Enabled by our new funding, the acquisition brings a pioneering U.S. soil biology company north, establishing Canada as a global hub for soil DNA sequencing and biological data innovation. As Ottawa strengthens programs supporting climate-smart farming and soil-health research, Miraterra’s integrated measurement platform positions it as a key enabler of the next generation of evidence-based agricultural policy and investment. We’re building the world’s most comprehensive, high-confidence, and cost-effective soil measurement system — from sky to biology, decoded with AI. This first-of-its-kind platform will tackle measurement challenges across MRV applications, accelerate the development of AI tools, and set a new global standard for how we see and value soil. Thank you, Canada — your partnership is helping us lead the way, set new benchmarks for soil intelligence, and deliver game-changing results for farmers, food producers, and the planet.”
Nate Kelly, CEO, Miraterra
“The hidden half of the biosphere is beneath our feet, and soil health emerges from the interaction of mineral, water, and biological systems. Most tools only measure one of those dimensions at a time, which limits both accuracy and usefulness. What Miraterra is doing differently is integrating all three — mineralogical, hydrological, and biological — into a single, scalable measurement platform. That level of high-confidence affordable measurement is what makes it possible to serve farmers at scale and to accelerate the real-world adoption of regenerative agriculture.”
Tom Chi, Founding Partner, At One Ventures
“FCC is committed to supporting innovation that strengthens the productivity and sustainability of Canadian agriculture. Healthy soil is the foundation of industry’s success, and enhancing its quality is vital for the future of farming. Miraterra’s technology makes high-quality soil and biological data accessible to producers, empowering them to grow healthy crops and continue to put food on tables, both at home and abroad.”
Adam Smalley, Managing Director, FCC Capital, Farm Credit Canada
