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Stockholm-based Agteria Biotech, an organization specilised in biotechnology options for lowering methane emissions from livestock, introduced on Wednesday that it has secured €1.4M in a pre-seed funding spherical led by Norrsken Launcher.
The Swedish firm will use the capital to offer scalable, cost-effective options to sort out cattle methane emissions.
Cattle methane emissions represent roughly 10% of worldwide greenhouse gases. Regardless of many makes an attempt to mitigate these emissions with options reminiscent of pink seaweed, scalability and price have remained vital obstacles.
“In the end, it’s the big meat and dairy firms which can be beneath strain to scale back their emissions. We’re already in dialogue with a number of of the biggest gamers on the planet and have secured LOIs with a number of the largest ones in Europe,” provides Martin.
Agteria Biotech: Lowering methane emissions
Right here’s the place Agteria based by Martin Blomberg and Tommi Remonen, breaks the constraints by creating a singular enzyme-blocking molecule, providing an efficient, inexpensive, and scalable resolution.
“Proper now, research are underway with world-class universities and related authorities to exhibit that that is as efficient and protected as preliminary research have proven. After that, this may be rolled out globally,” says Martin Blomberg, Founder and CEO of Agteria.
The Swedish firm desires to assist clear up local weather change by providing a scalable,patent-pending feed additive nearly 100 occasions extra inexpensive than pink seaweed.
Based in analysis from the Royal Institute of Expertise (KTH) in Stockholm, Agteria has been working carefully with universities and regulatory authorities to validate the efficacy and security of its product.
The backing we’ve acquired permits us to speed up our in-vivo research and scale manufacturing, bringing us nearer to our purpose of economic gross sales by 2026,” provides Dr. Tommi Remonen, CTO and co-founder.
The investor
Norrsken Launcher works with researchers and scientists to industrialise, commercialise, and scale improvements that may essentially remodel the longer term for individuals and the planet.
The platform provides entry to influence capital, world-class recruitments, and a scalable development construction.
“Throughout my 7 years at Norrsken Basis, I’ve by no means encountered an organization with as life like potential to scale back one % of worldwide GHG emissions as Agteria. To place this in perspective, Agteria may cut back emissions by an quantity equal to just about half of the complete world flight emissions,” says Erik Engellau-Nilsson, Managing Associate at Norrsken Launcher
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