US-based scaleup Nitricity has secured $50 million in a Series B funding round led by World Fund and Khosla Ventures. The company has developed an organic and animal-free nitrogen fertilizer made from upcycled almond shells, water, air, and renewable power. Field trials have shown positive results, with farmers reporting improved early plant growth and up to a 30% yield increase, with all production already commissioned.

Founded by three graduate students from Stanford University, Nitricity plans to use the funding to scale its technology in the US and Europe, make new hires, and invest in R&D. The company's organic fertilizer facility in California is expected to start operations next year, with production already sold out through 2028. Nitricity aims to address the increasing demand for sustainable and ethical fertilizers in the market and move towards a circular agriculture economy.