Bluetector Receives $1.3 Million to Bring Its Manure Solution to Market
Swiss agri-tech company Bluetector has received a total of $ 1.3 million in a Series A financing round. The money came from the company's existing shareholders. Bluetector will use the new funds primarily to to push ahead with its market entry in Germany, which is affected very hard by the manure crisis.
Lucerne, Switzerland, July 22, 2018 --(PR.com)-- The company's product, the BlueBox Ultra, is ideal for the bio-treatment of manure. In the bioreactor of the BlueBox Ultra, the liquid manure is converted into water, which only contains traces of nitrogen and phosphorus and is perfectly suited for irrigation - thus conserving valuable groundwater. As nitrogen and phosphorus are almost completely removed, only very limited surfaces are required for spreading the water. The BlueBox Ultra eliminates the need for expensive and environmentally harmful manure transports, where manure sometimes has to be transported over hundreds of kilometres. As the manure is continuously treated, there is no longer any need for large storage tanks or manure lagoons.
David Din, founder and CEO of Bluetector, commented, "I thank our existing investors for the trust and loyalty they have shown to Bluetector. Especially in Germany we meet many farmers who want to have a BlueBox Ultra from us in order to be able to treat their manure and thus save a lot of money compared to manure transports. In our view, the BlueBox Ultra represents an important contribution to solving the global manure crisis. We are now beginning the planning for a large Series-B financing round to prepare Bluetector for scale- up due to our expected growth."
A first closing of $ 1.0 million of the Series A financing round was already completed in January 2018. Since 2012 Bluetector has received a total of $ 3.3 million from investors in Switzerland.
About Bluetector
Bluetector is an agri-tech company that has developed a new type of low-cost bio-reactor for manure treatment. The company has already received several awards for its innovative technology for the treatment of manure. Thanks to the BlueBox Ultra, farmers can now clean their manure themselves instead of having to transport it over long distances for a lot of money using specialised waste disposal trucks. Bluetector was founded in 2012 by David Din, a serial entrepreneur in the field of wastewater treatment. Bluetector AG is a privately owned company based in Technopark Lucerne in Switzerland.
David Din, founder and CEO of Bluetector, commented, "I thank our existing investors for the trust and loyalty they have shown to Bluetector. Especially in Germany we meet many farmers who want to have a BlueBox Ultra from us in order to be able to treat their manure and thus save a lot of money compared to manure transports. In our view, the BlueBox Ultra represents an important contribution to solving the global manure crisis. We are now beginning the planning for a large Series-B financing round to prepare Bluetector for scale- up due to our expected growth."
A first closing of $ 1.0 million of the Series A financing round was already completed in January 2018. Since 2012 Bluetector has received a total of $ 3.3 million from investors in Switzerland.
About Bluetector
Bluetector is an agri-tech company that has developed a new type of low-cost bio-reactor for manure treatment. The company has already received several awards for its innovative technology for the treatment of manure. Thanks to the BlueBox Ultra, farmers can now clean their manure themselves instead of having to transport it over long distances for a lot of money using specialised waste disposal trucks. Bluetector was founded in 2012 by David Din, a serial entrepreneur in the field of wastewater treatment. Bluetector AG is a privately owned company based in Technopark Lucerne in Switzerland.
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Bluetector
David Din
41791999640
www.bluetector.com/en
David Din
41791999640
www.bluetector.com/en
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