Hertfordshire Agri-Tech Business Secures Second Round of Funding in Six Months

Overview

Sustainable waste management technology business, EcoNomad Solutions, has secured its second successful round of SEIS fundraising in the last six months, with our support.

Who Are EcoNomad?

EcoNomad, which is based in Hertfordshire, is an award winning agritech start-up that designs, produces and exports simple and affordable waste-to-energy solutions to farms around the world. Helping small livestock farms to increase their ability to operate sustainably and off the grid.

The latest round of fundraising will primarily be allocated to team expansion, customer base growth, and investment in research and development for new products.

The company’s innovative, modular and scalable technology is easily installed in places where manure or slurry is regularly collected, such as small livestock farms, micro-dairies, petting zoos and animal sanctuaries, converting waste into renewable fuel for generating onsite heat and energy. The solution also produces high-grade natural organic fertiliser that can help to grow food and preserve soil health.

What did Dr. Ilan Adler have to say?

Dr Ilan Adler, CEO at EcoNomad, said: “Our ambition is to reduce the environmental impact of livestock smallholdings through animal waste-to-energy conversion at a local scale. Using a number of proprietary technologies, we deliver affordable and easy to use solutions for small size farms to increase their ability to operate sustainably and off-grid.

“We’re thrilled to have received another successful round of funding, which we’ll be ploughing into further research and development to support our farming clients make more from what they have as well as help reduce impacts on the environment.”

At present, the EU and the UK produces about 1.4 billion tonnes of manure per year from livestock farming operations, while this sector accounts for 10% of anthropogenic greenhouse gas emissions globally.

What did Shakespeare Martineau’s corporate team have to say?

Ashley Taylor, a corporate associate who led the deal, said: “As a B-Corporation, these projects are very aligned with our own values, so we’re really pleased to have supported the EcoNomad team once again in their growth and development of products that have a positive impact on the farming industry.”

Who are Shakespeare Martineau?

We are a multi-award-winning business that provides legal advice for life and business, the firm’s purpose is clear: to unlock potential.

Working with organisations of all sizes, the firm delivers a broad range of specialist legal services and has expertise across multiple areas including but not limited to energy, education, banking and finance, healthcare, investment funds, manufacturing, agriculture, family business, Islamic finance, later living, social housing, charities, and real estate. We also provide services for families and private clients.

We are part of the legal and professional services group Ampa, and a certified B Corporation, meaning we have been verified by B Lab to meet high standards of social and environmental performance, transparency, and accountability.

We have been listed in Best Companies 2022 as one of the top 100 best large companies to work for in the UK. We also ranked as a top 25 law firm, top 75 East Midlands company, top 75 West Midlands company, and top 50 large London company to work for.

With more than 1,200 people, we have hubs in London, Milton Keynes, Birmingham, Solihull, Stratford-upon-Avon, Bristol, Nottingham, Leicester, Lincoln, Sheffield, and Edinburgh.