London-based Letoon Holding secures £20M in funding from Nimbus Capital, a private investment group that specializes in financing in transformational change and dynamic growth.
Nimbus Capital manages a diverse portfolio of investment vehicles, providing flexible and innovative funding solutions to growing businesses worldwide.
Under the agreement, Nimbus will provide LHL with a Growth Equity Agreement of up to £20 million for a 36-month term following a public listing of the LHL common stock. This makes it an innovative business with the certainty of capital upon listing on the London Stock Exchange (“LSE”).
In addition to capital already raised, this significant understanding between LHL and Nimbus Capital means that the objective of reclaiming high value added ingredients from food waste and numerous botanicals can start in earnest, using the application of proven technology alongside the creation of new patented processes and new patented products.
LHL President & CEO Matteo Turi said, ” We are delighted to announce a truly groundbreaking partnership with Nimbus Capital. This is a pivotal moment as we reshape the landscape for the reclamation of high value added eco-friendly commodities from vegetable and botanical matrices using proven science techniques, With Nimbus by our side, we are now able to take huge strides towards a more sustainable, tech-driven circular economy where food waste, which would otherwise be consigned to the compost heap, can be processed for valuable, precious, and efficacious ingredients, with a global industrial demand”.
LHL’s mission is dedicated to the recovery of precious lycopene from tomato waste for use in the pharmaceutical and nutraceutical industry, as well as other natural compounds found in a variety of food waste and botanicals. The validated process allows both a much higher yield and grade of recovery.
About Nimbus Capital
Nimbus Capital is a private investment group focused on cross-border transactions. The group offers flexible and innovative funding solutions to growing businesses across the globe. The firm is led by experienced managers with successful track records in the international markets, having executed over 50 transactions in more than 30 countries.