Faeger Co. Ltd. raises ¥340 million in pre-series A round of financing

Faeger Co. Ltd. (Head office: Minato-ku, Tokyo; CEO: Takahiro Ishizaki), a company that monetizes decarbonization measures for farmers and supports the distribution of carbon credits, has raised ¥340 million in a pre-Series A round of financing through a third-party allotment to Tokio Marine Holdings, Inc., Norinchukin Capital Co., Ltd, Energy & Environment Investment, Inc., and Incubate Fund Co., Ltd.

Our new purpose is "Pave the Way to a Sustainable and Fair Tomorrow". We aim to improve farmers’ income and create sustainable agriculture.

Background and Future Development of Procurement

In January 2023, our company raised 72 million yen in a seed round and generated approximately 5,000 tons of CO2 credits over 2,000 hectares by extending the mid-season drainage period of rice paddies. Moving forward, we raised 340 million yen to accelerate our overseas expansion, especially in Southeast Asia, maintain and increase the quality and yield of producers, and build a system for the generation and sale of high-quality carbon credits.
We aim to generate credits over 15,000 hectares, approximately 50,000 tons of CO2.

About Faeger Co. Ltd.

Faeger is a company that collaborates with farmers to generate carbon credits. It is one of the few companies in Japan that can consistently handle everything from the creation to the sale of carbon credits. Faeger provides these credits to business as “credits that show the face of producers committed to decarbonization”, providing value not only through carbon offsets but also in public relations. By supporting the process of credit creation and purchasing, Faeger brings revenue to farmers and promotes activities to reduce CO2 emissions in agriculture.

Comment from Mr. Ishizaki, CEO of our company

About a year after its establishment, we have been blessed with many producers, buyers, and friends who are promoting our business together, and our business is expanding beyond our expectations.At this time, we are honored to have the opportunity to work with such wonderful investors.

With Tokio Marine Holdings, Inc., we will be working with them extensively, both domestically and internationally, in the distribution of credits and investment in project structuring.

With Norinchukin Capital Co., Ltd, we will work with them to expand their initiatives with producers in Japan, including in collaboration with the JA Group, and to expand their business overseas through their network of agriculture-related players.

Energy & Environment Investment, Inc. will help us take our company to the next stage by sharing their knowledge and network of long term business experience in this field.

Incubate Fund Co., Ltd. has been a great supporter of our company since its establishment, and with their additional investment, they will continue to work with us as they have in the past.

With the funds we have received, we will further expand our team and accelerate our overseas expansion, and we would be grateful for your support.

Comments from investors

Mr. Hikaru Nakanishi, General Manager, Digital Strategy Department, Tokio Marine Holdings, Inc.

We strongly sympathize with Faeger's farmer-first approach and their commitment to the intrinsic value of carbon credits, and have decided to work together with them on the challenge of promoting the use of carbon credits from agriculture. As a non-life insurance company, we recognize that addressing the impact of increasing greenhouse gas emissions on the global environment is an issue of high priority for us, and we look forward to working with Faeger to develop its solutions not only in Japan but also globally.


Ms. Saya Koyama, Vice President, Innovation Investment Department, Norinchukin Capital Co.

The agriculture, forestry, and fisheries sector is an industry that emits greenhouse gases while at the same time being directly affected by climate change, and we share the team's commitment to addressing the sustainability challenges of this industry, which is why we have decided to make this investment. We feel the potential for growth and change in the agricultural sector, and are honored to be a part of this opportunity.


Mr. Shuichiro Kawamura, Representative Director, Energy & Environment Investment, Inc.

While decarbonization is required in all areas without waiting, agriculture is still an area with great potential for decarbonization. It is also significant, especially from a global perspective, that the decarbonization efforts are not just a cost, but can also contribute to improving farmers' productivity and profitability. We have high expectations for Faeger, which has a high level of expertise in this field and a team of globally active members.


Mr. Yusuke Murata, Managing Partner, Incubate Fund Co., Ltd.

It has been practically a year since we started the company and we have been able to move to the next stage, and we are pleased to welcome a great shareholder and additional investment from us. We look forward to continuing to accompany the company as it seeks to become a leader in the decarbonization of the entire Asian region.

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