2 years ago

Vegetable Waste Firm Letoon Holding Secures £20M for London IPO

  • Letoon Holding, a UK-based vegetable waste firm, has secured a £20 million commitment from Nimbus Capital ahead of its planned London IPO

  • The company utilizes ultrasonic technology to extract nutrients from plants and vegetables for various sectors

  • The funding will support Letoon Holding's growth plans and IPO, expected by September 30, 2024.

      • ProblemTechnology

      "Food waste is a major problem, with billions of tons of vegetables and plants ending up in landfills each year. This waste not only contributes to environmental damage but also represents a loss of valuable nutrients."

      Solution

      "Letoon Holding has developed a technology that uses ultrasonic waves to extract nutrients from vegetable waste. These extracted nutrients can be used in a variety of industries, including food, cosmetics, and pharmaceuticals. This process helps to reduce food waste and create valuable new products."

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