Future Greens, the Sheffield-based startup building bioreactors to convert unavoidable food and brewery waste into heat and power, has attracted £500,000 in fresh funding.
The combination of £340,000 equity and a £160,000 grant from the UK Government will be used to develop the company’s proprietary tenfold improvement to anaerobic digestion technology for brewery customers it has lined up. It will also enable Future Greens to expand their team with chemistry and biochemistry experts.
Investors include PXN Group, One Planet Capital, Baltic Ventures, Venture.Community and Lifted Ventures.
The Company has attracted more than £800,000 in funding to date. It is also benefitting from additional £100,000 in non-dilutive support across regional collaborations with the Advanced Manufacturing Research Centre (AMRC) and South Yorkshire Innovation Programme (SYIP) with The University of Sheffield.
Future Greens’ proprietary system transforms organic waste into renewable power up to ten times faster than conventional anaerobic digestion, dramatically reducing energy and effluent costs while enabling compact, on-site reactors for food manufacturers.
