Wednesday 29 April 2020

Impact investor Earthworm provides £3.7m to four green-focused companies

Impact investor Earthworm has provided £3.7 million of investment into four companies with "huge potential for positive environmental impact".

It will supply the funding to businesses in the vertical farming, metals recycling, wastewater treatment and property performance management technology sectors in a bid to "prove that smart investment doesn’t mean leaving your ethics at the door".

The funding will be received by DMP Metals (£691,000), LAT Water (£900,000), Shepherd (£1.1 million) and Vertical Future (£1.1 million).

Kerry Hughes, Earthworm’s Head of Portfolio and Investment said: “We are really proud to be supporting these businesses at a time when the UK economy desperately needs its entrepreneurs and the investment community to pull together.

"Covid-19 has impacted every aspect of our lives and will continue to do so for some time, but the way in which we build back from here is by supporting and investing in the sustainable businesses of tomorrow. We want to put a marker down to say that our aims to drive positive environmental change in the UK burn as bright as ever and we want to show that we can do some really incredible things when we all work together.”