EION announced that it has received first tranche of $12 million in Series A round of funding co-led by AgFunder Inc. and Venture Investors, LLC on December 15, 2022. The transaction also included participation from Carbon Removal Partners, Mercator Partners, LLC, ORION Holdings Corp., Barksdale Resources Corp., iShares Delaware Trust Sponsor LLC, Overture Networks, Inc., Trailhead Capital LLC and SLVC.