NPHarvest, an Espoo, Finland-based developer of a hardware solution for collection and recycling of nutrients from wastewater, raised €2.2M in funding.
The round consisted of a €1.3M equity investment and a €900K grant from the Finnish Ministry of the Environment and their RAKI program. The equity was led by Nordic Foodtech VC, with participation from Stephen Industries and Maa- ja vesitekniikan tuki ry.
The company intends to use the funds to build the first commercially ready Nutrient Catcher, ready to be installed in their clients’ facilities.
Led by CEO and Founder Juho Uzkurt Kaljunen, NPHarvest has developed a nutrient catcher that is installed in wastewater management systems. The wastewater treatment equipment is able to separate and collect all excess nutrients from concentrated wastewaters, which can then be recycled and sold back to the fertilizer industry, mitigating eutrophication, and enhancing local food security.
The company is a spin-off from Aalto University.
FinSMEs
17/04/2024