Connect with us

Biotech

Nostoc Biotech closes a €1.5 million investment led by Social Stock Exchange

In 2015, Nostoc closed the first round of investment worth $296,000 (€250,000) through the Social Exchange’s participatory investment platform. Since then, the company has been growing in its range of products and market. In the last investment round, also led by the Social Stock Exchange, the company managed to raise $1.78 million (€1.5 million). The money will be used to further innovate agriculture.

Suzanne Mitchell

Published

on

This picture show a farm.

The Spanish company Nostoc Biotech, based in the La Redonda Industrial Estate in El Ejido, has closed a round of investment of $1.78 million (€1.5 million). The company, which manufactures and markets organic products for agriculture and gardening, will use these new resources to increase its production capacity and accelerate its expansion plans, including the construction of new facilities on the La Algaida industrial estate in Roquetas.

The round has been led by the Social Stock Exchange Fund, the social impact fund promoted by the Social Stock Exchange and the Afi management company at the end of 2019. For this operation, the Social Stock Exchange Fund has counted on the co-investment of the CDTI, belonging to the Ministry of Science and Innovation, through the Innvierte program, with which the CDTI supports and facilitates the capitalization of Spanish technology companies.

The French fund Investir et Plus and Equity4Good, the investment vehicle of the Ship2b Foundation, also participated in the round, and was advised by the Youandlaw firm. All the investors are social impact funds, which invest in companies that produce a positive and measurable impact on society and the environment, while generating profitability.

Find out more about the last investment round Nostoc Biotech has completed and its plans to revolutionize and innovate traditional agriculture with the Born2Invest mobile app. Read the latest business headlines with our companion app.

Environmental efficiency

“Nostoc has developed a range of innovative products for agriculture, based on micro-organisms and respectful of the environment, which have proven to be extraordinarily effective. They have been able to identify the needs of the growing number of farmers who are committed to meeting the growing demand for organic food in the European market,” said Jose Moncada, Director of the Social Stock Exchange Fund.

SEE ALSO  Easing the pressure: Offshore oil and gas’ next big development

In 2015, Nostoc closed the first round of investment worth $296,000 (€250,000) through the Social Exchange’s participatory investment platform. Since then, the company has been growing in its range of products and market.

As far as Nostoc’s social impact is concerned, the Social Stock Exchange estimates that, thanks to its products, the application of 38,000 liters of chemicals in agriculture and the emission of 265 kg of nitrous oxide (N2O, 298 times more harmful than CO2) have been avoided in 2019 alone.

Sustainable agriculture 

Founded in 2014 by Enrique Cat and Guillermo Herrero, Nostoc’s objective is to transform conventional agriculture, which is overloaded with chemicals, into a more sustainable activity by offering fertilization and protection solutions based on worm humus and a range of microbiological products derived from it.

Worm humus, whose properties as an organic amendment have been known since antiquity and fascinated such important historical figures as Darwin or Aristotle, solves many of the challenges posed by the transition to chemical-free agriculture. Guillermo Herrero stated that “there is not yet a sufficiently reliable humus supplier on the market to meet the growing demand with the required product quality and stability.”

Guillermo Herrero, a co-founder of Nostoc, affirmed that the planned investment seeks to “substantially improve the manufacturing processes of earthworm humus, making them more and more reliable.” 

Enrique Cat, the other co-founder, explained that the humus microorganisms are the central axis of Nostoc’s proposal “because they come to reinforce the natural immunological barrier of plants: One of the latest discoveries in plant physiology and ecology lies in the description of complex microorganism-soil-plant-pathogen interactions. Science teaches us that the delicate ecosystem that lives around the plant is key in activating and signaling the immune response.”

SEE ALSO  Charity scams follow every storm—here’s how to avoid them

__

(Featured image by PDSPics via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in La Voz de Almeria, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Suzanne Mitchell juggles the busy life of a full-time mom and entrepreneur while also being a writer-at-large for several business publications. Her work mostly covers the financial sector, including traditional and alternative investing. She shares reports and analyses on the real estate, fintech and cryptocurrency markets. She also likes to write about the health and biotech industry, in particular its intersection with clean water and cannabis. It is one of her goals to always share things of interest to women who want to make their mark in the world.