Land Life Company, the startup that aims to turn degraded soils into beautiful greenery again, just got a 2.4 million euro series A investment from the Postcode Lottery Green Challenge Fund, SystemiQ and Vectr Ventures. The founders also injected money in this round.
In a release, Land Life Company stated the money allows them to go from startup to scale-up. To be more precise, the investment will be used for four things:
-To further develop their Cocoon, a low-cost biodegradable product in which trees can grow autonomously without irrigation;
-To set up two production facilities in China and Mexico;
-To invest in R&D (mainly in satellite monitoring of planted trees);
-To expend their team in China, Mexico, Africa and the US.
Land Life Company, based in Amsterdam, was founded by Jurriaan Ruys and Eduard Zaanen in 2014. In 2015 it won the Postcode Lottery Green Challenge. Right now 22 people are working for the company, and its planting solution is used in 20 countries worldwide. Ultimately, their goal is to restore 2 billion hectare of degraded soils in the world.
Daan Laméris, investment manager of the Green Challenge Fund, will join the supervisory board of Land Life Company.
Image: Land Life Company