Jun 23, 2021
Elemental launches fundraising for next stage of commercialisation
Elemental, the UK agri-food technology company, has launched a crowdfunding campaign on Crowdcube to raise capital for the delivery of its next phase of commercialisation.
Find out more about Elemental’s offering and investing here (external website).
Elemental was founded in 2012 and went through a first round of fundraising on Crowdcube in 2019, which raised £1.5 million. Since the initial fundraising Elemental has built a demonstrator plant at its headquarters in Winkleigh, Devon.
It has also successfully licensed its process technology to a European food producer with a multi-billion-euro turnover, with its first plant expected to become operational at the end of 2021. Alongside securing this significant licensing deal, it has also agreed commercial terms for installing its technology in a further six UK abattoirs.