Tech Company Financing Transactions
upp Funding Round
upp closed a $619.1 thousand funding round on 1/26/2023. Investors included Elbow Beach Capital.
Transaction Overview
Company Name
Announced On
1/26/2023
Transaction Type
Venture Equity
Amount
$619,050
Round
Undisclosed
Investors
Elbow Beach Capital (Lead Investor)
Proceeds Purpose
The funding will be used to pilot both upp's harvest and uppcycling� technology this year, with the company aiming to complete three field-to-protein pilots in the UK, Spain and California by the end of 2024. First commercial production of upp's broccoli protein is expected to commence in late 2024.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
c/o Agri EPI
Newport, TF10 8JZ
UK
Newport, TF10 8JZ
UK
Phone
Undisclosed
Website
Email Address
Overview
Developer of an automated farming equipment intended to identify broccoli crops that are ready for harvest. The company's equipment is armed with 3D cameras that use machine learning to transform the discarded parts of the harvested broccoli into healthy protein products, enabling farmers to reduce hand labour.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Whitewood
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