Jun 2022
microTERRA Investors,
As we close Q2 we are reflecting on the great progress we have had this half year.
We are very proud of all the results.
I hope you enjoy!
Part of our team having a lunch day in our office.
🚀 Highlights
- We launched our experimental lab at CEICKOR.
- We hired 4 new team members preparing for our pilot expansion and accelerating the product development.
- We were recognized as one of the top 10 promising AgTech businesses in Latin America.
💬 Asks
- As our product develops more and more, we would like to validate the certification roadmap. If you have contacts on consultants focusing on FDA GRAS approval, we would appreciate an intro.
- On the same line we want to validate our GTM strategy and would love to onboard experienced consultants to ease this process.
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📈 KPIs
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Financial Metrics
Money in the bank: $2,155,000
Monthly burn rate: $62,000
Projected runway: 21 months
Headcount: 19
Full time: 15
Performance Metrics
Lemna surface: 2,825 m2
Production capacity: 222 Kg/month
Decoloured Lemna: 0 kg / month
Heads hired: 1 / 4
Patent filed: 0 / 2