NPHarvest Raises €2.2M for Nutrient Catcher Development and Expansion

NPHarvest Raises €2.2M in Funding

Key Highlights:

• Equity Investment and Grant: NPHarvest secured €1.3M in equity investment and a €900K grant from the Finnish Ministry of the Environment and their RAKI program.
• Hardware Solution: Developed a hardware solution for collecting and recycling nutrients from wastewater, addressing eutrophication and enhancing local food security.
• Commercial Readiness: Funds will be used to build the first commercially ready Nutrient Catcher for installation in clients' facilities.

NPHarvest's Target Market

• Wastewater Treatment Facilities: Municipalities, industrial plants, and other organizations involved in wastewater management and treatment.
• Fertilizer Industry: Companies in the fertilizer industry seeking a sustainable source of recycled nutrients.
• Environmental Organizations: Organizations focused on mitigating eutrophication and promoting sustainable practices in wastewater management.

What NPHarvest Needs to Buy

• Manufacturing and Production Equipment: Equipment and machinery for building the Nutrient Catcher and scaling up production.
• Research and Development: Continued investment in R&D to enhance the efficiency and effectiveness of their hardware solution.
• Marketing and Sales Support: Services to help promote and sell their nutrient recycling solution to wastewater treatment facilities and the fertilizer industry.