Fake (NZN), a Notingham-based Agtech company in the mission to eliminate dependence on synthetic nitrogen fertilizer (SNF), has raised € 5.6 million seeds for the ASEAN market for rent, passing credentials and finalizing commercial offtakes and biomaking agreements.
This round was co-operated in Europe’s leading Climate VC World Fund and a US Climate VC Ajola Ventures, who invest in companies, with the possibility of gigaton-scale climate impact. This round has brought NZN’s total funds to $ 1 million to date, in addition to preliminary support from the Innovation Agency Innovate UK in the UK with the investment of Zero Carbon Capital, Revent and Qibo Investment in the existing supporters. Anan also joined NZN as a new investor.
Justin HughesNZN co-founder and chief executive officer said: “Most alternatives bring green premium but it is effectively green discount – we are green and cheap at the same time. Time is absolutely ripe for our product: dependence on SNF is unstable. We’re taking a challenge with global consequences, and I’m glad to support our way of great parties in the World Fund and AjolaThe “
NZN launched biologists Gary Divine (CSO), Alan Barbies (HD Corporation Affairs) and former Red Arrow Pilot-Pilot-Opply Justin Hughes (CEO) in 2022. The team is developing a biooferotilizer (bioinoculant) that uses endophytic bacteria that ‘colonies’ the plant, provides broad benefits.
Field trials show that a single application of the product can significantly reduce the use of SNFs to farmers, increase yields and improve the visual quality of the crop.
Since NZN’s product does not have any genetic change (GM) involved, the company says that they have an edge compared to their competitors: it complies with the EU Rules and has a clear global regulatory path. It is also clearly easy to apply and no new farm equipment is needed, let farmers reduce the time spent on decorbonizing processes – a “green discount”.
Dr. Nadine GizerPrincipal, World Fund, says: “Urea, ammonium and nitrate-based fertilizer are the largest source of GHGs, and it is leaving the soil microbiomes in a fatal state around the world. NZN gives the ideal solution. This exciting biotech company is not facing any regulatory barrier in instant adoption, and it has a strong founding team with the perfect combination of scientific and entrepreneurial skills to succeed. Justin and Gary’s success till today is significant, and we are thrilled to support the team because of the global scale.“
NZN is giving the solution to an industry that is Carbon imitar: Traditional nitrogen-based synthetic fertilizer.
A century ago, the extensive Haber-Og process was invented, helping millions of people avoid famine by creating ammonia from fresh air. The process still feeds 50% of the world’s population, but it has been reported to have a destructive climate effect. SNF’s production and use is one of the largest sources of Greenhouse Gas (GHG) emission, for which accounting 2% of the total GHG emissionAnd emission 8 million metric tons nitrous oxide (NOO) – a GHG about 300 times more powerful than CO2 – Every year.
The agency says that SNFs have also put the soil microbiomes in a serious state, poisoned the waterways and contributed to the reduction of biodiversity.
NZN provides a expense-effective option at the right time: McKinci The fertilizer market expects to increase the PA by about 2.5%And the calculations of the global funds suggest that NZN provides 88% decrease in fertilizer production emissions compared to SNFs.
“If the Haber Bosh process is invented today it will be banned, such as alcohol or tobacco” Hugs Dr. “With our product, there is no infection damage and therefore there is no nitrate or nitrous oxide contamination. You put fuel (bacteria) next to the engine (plant cells). The scale of this opportunity is plentiful. We’re talking about an idea from a small lab in the UK is converting a 200 billion dollar global marketThe “
The company, which appoints nine people, is now in the product examination and plans to go to the market in 2026, The fresh capital will be used to rent the original in the ASEAN market, pass the certificate and finalize the commercial offTech and biocifactoring agreements.
Amy DuffurAjola Venture’s co-founder and general partner added: ”We are proud of NZN’s round co-leading and supporting the organization’s efforts to tackle greenhouse gas emissions from fertilizers. NZN’s breakthrough technology stands at the right crop at the right price, excluding other solutions, including the Trippage of the Right Bacteria. Beyond climate effects, the innovation of NZN has the potential to transform the small containers to farmers across the ASEAN.
“By Providing a cheap product that increases crop yields and reduces expensive fertilizer inputs, the agency can help increase farmers’ income and contribute to poverty reduction across the region.“
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