Aramco Ventures Leads $9.5M Round for Mitti Labs to Bring Carbon Credits to Southeast Asia

Mitti Labs, an Indian agriculture technology startup, has raised $9.5 million in a funding round led by Aramco Ventures. The company plans to use the capital to expand beyond its home market into the Philippines and Indonesia, while scaling its carbon credits and agricultural data operations. The investment, announced on August 6, 2026, marks a geographic push into Southeast Asia’s growing agri-carbon markets. Mitti Labs’ platform enables farmers to generate carbon credits through sustainable practices and provides data-driven insights to improve agricultural productivity. The company did not disclose the round type or valuation. The Philippines and Indonesia, both large agricultural economies with significant smallholder farming sectors, present opportunities for carbon credit projects tied to rice cultivation, agroforestry, and soil carbon sequestration. The expansion aligns with increasing corporate demand for nature-based carbon offsets and the region’s evolving regulatory frameworks for carbon markets. Aramco Ventures’ backing signals interest from energy-linked investors in agricultural decarbonization tools. Mitti Labs will also grow its agricultural data business, which collects and analyzes farm-level data to optimize inputs and yield. The company has not disclosed its current farmer network size or credit issuance volume. The funding arrives as several agritech firms in Asia compete to connect smallholders to voluntary carbon markets, though challenges around measurement, verification, and farmer adoption persist.