Nov 2022

microTERRA Investors,

After being out fundraising I realized the landscape has changed, here are some takeaways:

🔻 Companies raising series B and C have the hardest time. Early-stage start-ups are in less trouble.

🔻 The appetite for the food tech sector is decreasing, especially for B2C companies

🎯 The climate-tech investors are still very active

⏱️ The next 12-18 months are going to be tough for fundraising, we should plan to avoid raising a price round on a tough market.

Therefore, we are adapting our strategy accordingly, asking ourselves: what are the key milestones to hit before we can raise a series A? SALES, SALES, SALES! In the next months, it will be crucial to proving that our product is liked by the industry and we can bring some revenue home. In order to adapt our team towards that goal, we are sitting our managers together to plan a strategy accordingly.

We are focusing more on quality instead of quantity and scalability. We believe this will bring us to a successful sales agreement by the end of next year.

Managers meeting: Lemna Science, Farm Production, Process, Hardware, Product, Biz Dev and Company- This is our dream team!

🚀 Highlights

• We launch the first out of three gatherings/team meetings to plan for next year. These managers are responsible for finding their own KPIs and rolling up the strategy with their own teams.
• We have achieved very promising results in our final product created with a new strain, raising the question of whether or not we should change the entire culture strain in different farms
• We launched a quality assessments cluster to really map out what are the leverages/characteristics of growing lemna we can modify to increase our performance in the final product.