Lucent BioSciences Receives $4.2M Investment to Bring Carbon-neutral Fertilizers to Market
Summary
"We are motivated by developing solutions to mitigate climate impact on global food security", says CEO Michael Riedijk, "Over the last 18 months, we have achieved key milestones in R&D, scale-up engineering, field trials and commercialization. Most importantly, we became enamored with the teams vision to show farmers can increase yield while playing a critical role in helping combat climate change. We scout for solutions globally that will enable the implementation at scale, while at the same time increasing the returns for farmers", says Borris Foerster, Managing Partner at Amathaon Capital. "So for us it was an easy decision to back the extremely dedicated and competent team behind Lucent and support their plan to bring highly efficient and organic micronutrient fertilizers to the European market." Amathaon focuses on sustainable solutions to enable the implementation of the European Green Deal and to address the growing global labor shortage in agriculture.