Enterra Feed, a Vancouver, Canada-based developer of technology that upcycles and recaptures food nutrients, raised $5M in funding.
Avrio Capital, a Calgary-based agricultural fund, made the investment.
The company intends to use the funds to complete development of its first commercial-scale pilot facility in Langley, BC, which will be operational in the second quarter of 2014. At full capacity, the facility will process up to 54,000 tonnes of pre-consumer food waste each year, helping local food producers, grocery stores and others comply with Metro Vancouver’s ban on the disposal of food and other organics into its waste stream by 2015.
Led by Brad Marchant, Chief Executive Officer, Enterra collects pre-consumer food waste, primarily fruits and vegetables, from food producers, grocery stores, food distributors and other traceable sources and then converts it through a natural insect-based process that imitates nature to yield concentrated nutrient-rich products to grow food: natural protein, oils and fertilizer.
Its facility is currently processing food from a number of sustainability minded companies including Overwaitea Food Group, T&T Supermarket Inc., Star Produce Ltd., and numerous food processing facilities in the Lower Mainland.
The company, which continues to pilot new sources of pre-consumer food waste in the region, also plans to expand to other agricultural and food production areas throughout Canada and the U.S.
In addition, it introduced commercial sales of Enterra Natural Fertilizer (4-2-2), an organic granular fertilizer for use as a specialty fertilizer in greenhouses, horticulture, golf courses and home gardens.
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