Elemental Digest, a UK-based clean-tech manufacturing business that turns an international food and industrial waste problem into sustainable, high value-added end products with nutritional, economic and environmental benefits, is now seeking £1 million through its equity crowdfunding campaign on Crowdcube. Through its description, the company stated:
“Our fast and efficient process turns organic waste into value-added end products with impressive nutritional, economic and environmental benefits – with zero waste. We will recover and recycle abattoir-generated organic waste and useful industrial by-products at our new facility in Devon. The process produces Thallo, a multi-nutrient, sustainable, consistent, valuable and versatile fertiliser.”
Elemental Digest noted that the funding is for the first part of a larger strategic phase, where we simultaneously develop high-value edible fats and proteins from fresh ingredients in partnership with an international meat producer. The expansion includes more than 13 pre-contracted sites in the UK and EU, with global licensing opportunities.
“With our patents, granted or pending in >60 countries we plan to change how agriculture nourishes plants, improving soil, animal and human health as well. Our clean, recovered phosphate is essential for growth and yields. Our R&D is substantive and we’ve now qualified our final products and are ready to produce to scale.”
Funds from the Crowdcube will be used to build the fertiliser plant, expand markets, develop the team and further R&D to qualify crop-related precision applications.
Prior to launching the funding round, Elemental Digest secured £730,913.90. This investment is notably on the same terms as offered to Crowdcube investors, of which, £328,638 has been drawn down by the company. The campaign has raised more than £985,000 so far and is offering 6.25% in equity with a £15,000,000 pre-money valuation. It is set to close late August.
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