Taylor Vinters has advised Glaia Ltd on the deal.
Glaia Ltd received an investment from Green Angel Syndicate and the Yield Lab Europe.
The investment will allow Glaia to scale-up production and prepare their first product for market entry, including pilot customer projects.
Glaia was founded in 2019 by two former University of Bristol scientists, Dr David Benito and Dr Imke Sittel.
Glaia’s technology incorporates the use of sugar dots – a revolutionary type of yield enhancer, synthetically analogue to a naturally-occurring carbon-based material, capable of increasing photosynthetic efficiency and crop production. Developed by the University of Bristol, the technology allows plants to harvest light more efficiently, facilitating the processes of biomass production which results in increased crop yields. Glaia is a forerunner in the fight against food insecurity, with the technology playing a key role in ensuring food production levels grow efficiently and sustainably.
Taylor Vinters lead associate on the transaction was Harriet Chang (Picture).
Involved fees earner: Harriet Chang – Taylor Vinters;
Law Firms: Taylor Vinters;
Clients: Glaia Ltd;