Goterra (Bridging Round)
Funding Details
Awarder
RSS - www.startupdaily.net
Date Award
January 1, 2023
Vertical
Food Waste Management
Funding URL
View Funding Page
Premoney Valuation
$8,000,000
Valuation
$18,000,000
Funding Amount
$10,000,000
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
Market
Sustainability
Location
Canberra, ACT, Australia
Coinvestors
Tenacious Ventures, Grok Ventures
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.

Links
Website
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