A producer of ultra-low carbon fertilisers has secured tens of millions of kilos of funding from traders to gas its enlargement.
Sky Information has learnt that CCm Applied sciences, which relies in Wiltshire, has raised £8m in a Sequence B spherical led by Frontier Agriculture.
Adjuvo, the angel funding community whose members embody distinguished enterprise figures and entrepreneurs, additionally participated.
Based in 2011, CCm has developed what it calls a brand new era of sustainable ultra-low carbon fertilisers and has patented its expertise in additional than 60 nations.
It now has prospects throughout 5 most important sectors, together with meals manufacturing, retail, water and oil and gasoline.
Nestle, PepsiCo, Severn Trent and Tesco are amongst CCm’s purchasers.
In whole, the corporate has now raised £18m from traders because it seeks to decarbonise agricultural processes.
The most recent funding was raised at a post-money valuation of simply over £60m.
Pawel Kisielewski, CCm’s co-founder and chief govt, stated analysis had proven that carbon emissions from artificial fertilisers and manures was greater than aviation and transport mixed.
“It clearly highlights why finding alternative ultra-low carbon fertilisers is vital, especially when the UK and the EU continues to import in excess of 60% of the plant nutrients required to grow its food – food (in) security meets geo-politics,” he stated.
