Oct 2022

microTERRA Investors,

October was a month at full speed. Many changes among our team, testing new lemna strains for the pectin/ fiber extraction, and last but not least: Fundraise!

As many of you know, it took us a while to create an experienced management team, but we are there now! Each head can lead their pilar and administrate their team and budget. For this, we didn’t want to reduce our burn rate, we want to play into our market advantage ( lower burn rate) and go faster. So, we decided to raise a quick round, enough to bring us to revenue and to have enough milestones, to raise an amazing series A!

microTERRA was selected as one of the 100 most promising startups in LATAM that are doing outstanding and impactful work this year according to Google Cloud. See the full list here.

🚀 Highlights

• We launched our fundraise! By developing our due diligence materials, we also took a min to see the amazing development achieved over the last year!
• We won the 100 Pro by Google cloud- microTERRA was selected as one of the 100 most promising startups in LATAM that are doing outstanding and impactful work.

<aside> 📈 KPIs

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Financial Metrics

Money in the bank: 1,832,851

Monthly burn rate: $99,018

Projected runway: 13 months

Headcount: 22

Full-time: 17

Performance Metrics

Lemna surface: 10,200 m2

Production capacity: 330 Kg/month

Decoloured Lemna: 50 kg/month

Heads hired: 2 / 4

Patent filed: 0 / 2

💬 Asks

• As part of the due diligence process to welcome new investors, we will be reaching out to our current investors to vouch for microTERRA. Thanks in advance!