We're delighted to announce that we have just received an investment from environmental fund manager, Earthworm.
Earthworm only backs companies that have a positive social or environmental impact. Working with a variety of industry professionals across multiple sectors, a core part of Earthworm’s investment ethos is that companies within the Earthworm community must be ethically driven and contribute to the circular economy.
The investment from Earthworm fuels our position as Europe's leading herbicide-free weed control technology and will help support our continued growth in North America.
The £2.2 million investment has come at a time when the herbicide-free sector is gaining huge traction around the world. The widespread use of traditional chemical herbicides has long been challenged, with international concerns about its impact on the environment and the potential threat it poses to human health.
Recent legislation around herbicides, and their use in built up public spaces, is increasing as the topic comes under ever greater scrutiny from the general public. Governments and regulators are increasingly restricting the use of these chemicals in their cities leaving the organisations that manage those cities in need of new technology.
Leo de Montaignac, our CEO commented on the funding:
“We believe the investment from Earthworm recognises two key things. Firstly, the success Weedingtech has had to date supplying the market with a popular and essential alternative to traditional chemical herbicides. And secondly, the global high-growth potential that the herbicide-free sector holds as organisations increasingly look to reduce their reliance on traditional chemical herbicides.
Weedingtech was founded on very similar values to Earthworm in that we wanted to develop and supply products that benefit the environment. It’s an exciting time to be in this sector and we are delighted to have a new investor who shares our vision and values.”
Investment Manager for Earthworm, Laurence Blair, said of the investment:
“Weedingtech is just the sort of business we are looking to support. It is vital for responsible businesses that are greener, cleaner and safer for the environment to have the opportunity to make their mark.”
Back in 2011 when Weedingtech began, our vision was to create highly-effective, environmentally-friendly systems for managing outside spaces, which are safe to use around people, animals and waterways, and available for organisations who want or need to reduce their reliance on traditional chemical herbicides. This is now the reality as our patented Foamstream process is now used extensively across the Americas, Europe and Australasia with high-profile clients including New York City Parks, The London Borough of Hammersmith and Fulham, The London Borough of Southwark, and Unified School Districts up and down the Californian coast.
To find out if Foamstream is right for your organisation or if you would like to understand more about using a herbicide-free approach to weed control, get in touch here.