Ostara, a Vancouver, British Columbia-based provider of nutrient management solutions to farms, municipalities and industries, raised $11m in funding.
The round was led by Wheatsheaf Group Limited and VantagePoint Capital Partners with participation from other existing investors.
The company intends to use the proceeds to further accelerate near-term scaling of its fertilizer production and to continue expansion within global nutrient recovery and fertilizer sales markets.
Led by Dan Parmar, President and CEO, Ostara allows growers and cities to protect water and food resources by providing nutrient management solutions to farms, municipalities and industries. The company’s Pearl® technology recovers phosphorus and nitrogen from industrial, agricultural, and municipal water treatment facilities and transforms them into Crystal Green®, a sustainable fertilizer which releases nutrients in response to plant demand. Its Root-Activated™ granule (5-28-0 with 10%Mg), sold globally to the turf and agriculture sectors, is proven to improve crop yields, enhance soil health and reduce phosphorus tie-up, leaching, and runoff, improving food security while protecting local waterways from nutrient pollution. and www.crystalgreen.com.