30th July 2020
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Investors have rewarded the commercial success of Spotta’s smart pest systems with a $1.18 million seed funding round. This investment reflects Spotta’s huge potential in global markets in farming, forestry, hospitality, and other sectors to solve the £320 bn ($400 bn) problem of insect pests while dramatically reducing pesticide use. Representatives of Cambridge Angels and REMUS, a US-based VC firm, will join Spotta’s board as part of the £934,000 ($1,184,287*) investment deal. Other major investors include Martlet Capital, Wren Capital, and the Angel CoFund.
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