Advanced aeroponic technology creators, LettUs Grow, has announced it has secured £1 million in funding to build world-leading indoor growing facilities, to help feed the growing global population.
LettUs Grow’s founders, Charlie Guy, Jack Farmer & Ben Crowther, won both the AgTech and CleanTech Founder of the Year categories at the first BMW i UK Tech Founder Awards in 2018.
Innovate UK has awarded LettUs Grow a grant of £399,650 to lead a £700,000 project – which will help increase food resilience and security in the face of climate change. LettUs Grow will work alongside ECH Engineering, industry leaders in controlled environment technology, and urban agriculture experts from Grow Bristol. This is alongside a further €100,000 from the Green Challenge and several additional research grants.
The grants came hot on the heels of the disruptive startup’s most recent investment round, where they raised £460,000 from ClearlySo, Bethnal Green Ventures, the University of Bristol Enterprise Fund II, managed by Parkwalk Advisors, and angel investors. This funding has allowed the company to scale operations and drive forward product development to access a rapidly growing global market for efficient and sustainable farming technology.
Charlie Guy, co-founder and managing director of LettUs Grow, said: “This injection of private and public funding into the company enables us to accelerate our innovative products to market and build one of the most technically advanced facilities for indoor growing in the world.
“The global agri-tech industry is very exciting right now, all stemming from the necessity to improve the economic and environmental sustainability of food production. We are fielding enquiries from all around the world from food producers and farmers who want to experience the benefits of our technology across a growing range of crops.”