Funding Details
- Awarder
- RSS - www.startupdaily.net
- Date Award
- January 01, 2023
- Vertical
- Food Waste Management
- Funding URL
- View Funding Page
- Premoney Valuation
-
$8,000,000
- Valuation
-
$18,000,000
Company Info
- Founding Year
- 2016
- Traction
- Goterra has established partnerships with major clients such as Hyatt Regency Sydney and Melbourne Airport, managing hundreds of tonnes of food waste annually.
- Organizations Involved
- Hyatt Regency Sydney, Melbourne Airport, Hilltops Free Range
- Founders
- Olympia Yarger
- Company Description
- Goterra recycles food waste using modular maggot-based robotic systems. The black soldier fly larvae eat through the waste in high-tech, containerised units, converting it into high-value, low-impact protein and fertiliser in just 12 days. They can devour vast amounts of food waste, reducing it by 95% in just 24 hours.
- Market
- Sustainability
- Location
-
Canberra,
ACT,
Australia
- Coinvestors
- Tenacious Ventures, Grok Ventures
Links