The latest round of fundraising will primarily be allocated to team expansion, customer base growth, and investment in research and development for new products.
The company’s innovative, modular and scalable technology is easily installed in places where manure or slurry is regularly collected, such as small livestock farms, micro-dairies, petting zoos and animal sanctuaries, converting waste into renewable fuel for generating onsite heat and energy. The solution also produces high-grade natural organic fertiliser that can help to grow food and preserve soil health.
Dr Ilan Adler, CEO at EcoNomad, said: “Our ambition is to reduce the environmental impact of livestock smallholdings through animal waste-to-energy conversion at a local scale. Using a number of proprietary technologies, we deliver affordable and easy to use solutions for small size farms to increase their ability to operate sustainably and off-grid.
“We’re thrilled to have received another successful round of funding, which we’ll be ploughing into further research and development to support our farming clients make more from what they have as well as help reduce impacts on the environment.”
At present, the EU and the UK produces about 1.4 billion tonnes of manure per year from livestock farming operations, while this sector accounts for 10% of anthropogenic greenhouse gas emissions globally.
Ashley Taylor, corporate associate at Shakespeare Martineau who led the deal, said: “As a B-Corporation, these projects are very aligned with our own values, so we’re really pleased to have supported the EcoNomad team once again in their growth and development of products that have a positive impact on the farming industry.”