April 2022

microTERRA Investors,

We are starting new exciting chapters, hitting some technical milestones, advancing our experiments at the farm, and last but not least we moved to our office and food lab in Mexico City, it feels great to bring our team together!

🚀 Highlights

• We moved to our new office and Lab.
• We scaled up our extraction process x 27 times to 55 kg per batch.

💬 Asks

• We are in conversations with a potential candidate for our R&D team, Ph.D. Rabih Ajib, former Senior Physics Scientist at NotCo. He pitched an approach to using spectral characterization to characterize lemna and the impact of different processes on its physical and chemical structure. We think it’s fascinating on a technical level, but we would love to hear best practices for hiring such an independent department in a young start-up. We’d love to hear your thoughts!

<aside> 📈 KPIs

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Financial Metrics

Money in the bank: $2.28 M

Monthly Burn Rate: $81 K

Projected Runway: 23 months

Headcount: 17

Full time: 11

Performance Metrics

Lemna surface: 2,825 m2

Production capacity: 150 Kg/month

Decoloured Lemna: 55 kg / month

Heads hired: 1 / 4

Patent filed: 0 / 2