Nutrition Technologies, a Singapore-based agri-biotech company, raised US$20M in Equity funding.
The round was led by PTT Ventures with participation from Sumitomo Corporation, ING Sustainable Investments, Mandala Capital.
The company intends to use the funds for expansion into new markets, launch new products, accelerate R&D, and create new strategic partnerships.
Led by Nick Piggott and Tom Berry, Nutrition Technologies is an agri-biotech company creating a commercial replica of the natural decomposition process, using their proprietary growth inoculants and black soldier flies (Hermetia illucens) to turn low-grade crop & food waste into highly sought after animal feed ingredients and biofertilisers. Their two hectare production facility in Johor, Malaysia, bioconverts several hundreds of tonnes of organic waste every week. The facility produces functional proteins and oils, which have bioactive compounds that efficiently improve animal growth performance and health outcomes. Over the past few years Nutrition Technologies has conducted multiple trials of their products on fish, shrimp, poultry, piglets and pets, with significant results. Their novel biofertiliser products improve soil health while naturally increasing plant resistance to disease, reducing the need for chemical pesticides.
FinSMEs
20/09/2022