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Verdex Capital Announces

the Carrot Ventures launch of Hypocotyl Inc.

Calgary, Alberta, September 21, 2026

Verdex Capital is pleased to announce the launch of Hypocotyl Inc., the newest company emerging from Carrot Ventures.

Agriculture is increasingly being asked to demonstrate measurable environmental outcomes while maintaining profitability and productivity. Farmers, agribusinesses, food companies, and financial institutions all need better tools to quantify and improve the carbon footprint of crop production. We believe Hypocotyl addresses this challenge with a practical, data-driven platform that helps transform complex sustainability data into actionable insights.

Hypocotyl is a Canadian AgTech company developing a software platform that measures, monitors, and improves the carbon footprint of crop production. The company leverages agronomic, operational, and environmental data to help agricultural stakeholders better understand carbon performance, identify opportunities for improvement, and support participation in emerging sustainability and carbon-focused markets.

As sustainability reporting requirements continue to expand across agricultural and food value chains, producers face growing pressure to demonstrate environmental outcomes while maintaining operational efficiency. At the same time, food companies, grain handlers, input suppliers, processors, and financial institutions are seeking more reliable ways to quantify and verify emissions reductions and sustainability performance throughout their supply chains.

Hypocotyl aims to bridge this gap by providing a trusted platform that enables measurement, analysis, and continuous improvement of on-farm carbon performance. By turning farm data into practical intelligence, the company seeks to help producers make informed management decisions while creating greater transparency across agricultural supply chains.

Recruiting the right entrepreneur to lead each company is central to the Carrot Ventures model. For Hypocotyl, that leader is Brent Thumlert, who assumes the role of Founder and Chief Executive Officer.

Brent brings extensive experience in climate-smart agriculture, carbon markets, and agricultural technology. Prior to joining Hypocotyl, he held leadership roles with BMO Capital Markets’ Climate Smart and Software Solutions business and was a key leader within Radicle, a recognized innovator in agricultural carbon and sustainability solutions.

Hypocotyl will immediately begin engaging producers, agribusinesses, food companies, and strategic partners as it advances product development and commercial validation. Interested organizations are encouraged to contact the company to learn more about collaboration opportunities.

About Verdex Capital

Headquartered in Calgary, Alberta, Verdex Capital is Canada’s largest private, agriculture and food innovation venture capital firm. Its mission is to Advance Canadian Agriculture through investment in the innovations, technologies and businesses shaping the future of food and agriculture. Building on decades of sector experience, Verdex provides capital and expertise through Carrot Ventures, AgriFund and strategic partnerships to help companies rapidly scale. Guided by the pursuit of being purposeful, impactful and curious, Verdex not only invests in agriculture and food innovation; it multiplies what’s possible within it.

Verdex Capital Announces

the Carrot Ventures launch of Hypocotyl Inc.

Calgary, Alberta, September 21, 2026

Verdex Capital is pleased to announce the launch of Hypocotyl Inc., the newest company emerging from Carrot Ventures.

Agriculture is increasingly being asked to demonstrate measurable environmental outcomes while maintaining profitability and productivity. Farmers, agribusinesses, food companies, and financial institutions all need better tools to quantify and improve the carbon footprint of crop production. We believe Hypocotyl addresses this challenge with a practical, data-driven platform that helps transform complex sustainability data into actionable insights.

Hypocotyl is a Canadian AgTech company developing a software platform that measures, monitors, and improves the carbon footprint of crop production. The company leverages agronomic, operational, and environmental data to help agricultural stakeholders better understand carbon performance, identify opportunities for improvement, and support participation in emerging sustainability and carbon-focused markets.

As sustainability reporting requirements continue to expand across agricultural and food value chains, producers face growing pressure to demonstrate environmental outcomes while maintaining operational efficiency. At the same time, food companies, grain handlers, input suppliers, processors, and financial institutions are seeking more reliable ways to quantify and verify emissions reductions and sustainability performance throughout their supply chains.

Hypocotyl aims to bridge this gap by providing a trusted platform that enables measurement, analysis, and continuous improvement of on-farm carbon performance. By turning farm data into practical intelligence, the company seeks to help producers make informed management decisions while creating greater transparency across agricultural supply chains.

Recruiting the right entrepreneur to lead each company is central to the Carrot Ventures model. For Hypocotyl, that leader is Brent Thumlert, who assumes the role of Founder and Chief Executive Officer.

Brent brings extensive experience in climate-smart agriculture, carbon markets, and agricultural technology. Prior to joining Hypocotyl, he held leadership roles with BMO Capital Markets’ Climate Smart and Software Solutions business and was a key leader within Radicle, a recognized innovator in agricultural carbon and sustainability solutions.

Hypocotyl will immediately begin engaging producers, agribusinesses, food companies, and strategic partners as it advances product development and commercial validation. Interested organizations are encouraged to contact the company to learn more about collaboration opportunities.

About Verdex Capital

Headquartered in Calgary, Alberta, Verdex Capital is Canada’s largest private, agriculture and food innovation venture capital firm. Its mission is to Advance Canadian Agriculture through investment in the innovations, technologies and businesses shaping the future of food and agriculture. Building on decades of sector experience, Verdex provides capital and expertise through Carrot Ventures, AgriFund and strategic partnerships to help companies rapidly scale. Guided by the pursuit of being purposeful, impactful and curious, Verdex not only invests in agriculture and food innovation; it multiplies what’s possible within it.

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