Andrew Lee's Lightgro converts waste bananas into microbial growth enhancers for fermentation. One tonne of banana waste becomes roughly £10,000 of product. The company has run 15 trials with customers and is raising £250,000 to £400,000 before a seed round.
Hi, my name's Andrew Lee and I'm CEO of Lightgro. Lightgro turn bananas like this, waste bananas, into microbial growth enhancers. We can turn 1 tonne of banana waste into around £10,000 of product, and our cost of goods is low and our margins are high. Now we sell these microbial growth enhancers into the fermentation industries where it essentially is used to produce increased process efficiency. This means that the industry can get more from the same, so this increases their profitability and also their sustainability as well. Now, the IP is very safe. We have granted patents around the actual production process, the material itself, and we have application-specific patents in a lot of high-value sectors like alcohol fermentation, yeast production, and recombinant protein production. And we have a lot more IP planned. Over the next 6 to 12 months. Now we are having a bridge round before a Q4 seed round, and because we want funds immediately to continue our exciting momentum, we've— our message is getting out there to industry. We've had about 50 conversations in the past 12 months which have essentially led to about 15 trials, some of these with global multinationals, others with sort of smaller, more exciting SMEs and startups. So we want— we're looking to raise anywhere between about £250,000 and £400,000, and this will be used to produce stock, pay an ever-increasing patent bill, and essentially redesign the website and do some marketing to support the launch of our product across multiple sectors. So if you're interested, please get in touch and we can obviously tell you more about our exciting product and plans. Thank you.
