Tracegrow has developed a patented process that separates micronutrients from recycled alkaline batteries and industrial side streams to produce organic certified fertilizers. Its products are proven to reduce carbon emissions and enhance crop productivity compared to traditional methods. The company positions its technology as a circular-economy solution that reduces waste and addresses food-system challenges. Tracegrow has received a fresh capital boost from a Nordic foodtech investor and is set to expand operations. The new backing is intended to support the company's growth and scaling in the food system. The article reports that the investor and the CEO see significant potential for the technology to aid primary production’s transition toward more ecological and productive practices. Tracegrow is a Finnish cleantech company that converts metals recovered from used alkaline batteries into an organically certified liquid fertiliser (ZM-Grow™). Its fully automated, patent-protected process can reuse up to 90% of trace elements and has been in commercial-scale production since 2019. Tracegrow already sells its products in 15 countries and its fertiliser is approved for organic farming in the EU, UK and Australia. The company positions its products as low-carbon alternatives to conventional fertilisers with potential to significantly reduce CO2 emissions. Proceeds from the recent financing are earmarked to build a second production line in Kärsämäki to expand capacity and broaden the product portfolio. The investment will also support Tracegrow’s internationalisation plans and future plant investments.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2021