We are delighted to have advised ZELP Ltd (Zero Emissions Livestock Project), a growing London-based ‘agri-tech’ start-up founded by brothers Francisco and Patricio Norris, on its US$1 million fundraising from investors including US-based Starlight Ventures, a venture capital fund that focusses on early stage companies addressing humanity’s biggest challenges and opportunities.
ZELP is dedicated to significantly reducing the environmental impact of the livestock industry and is developing a product for cattle that seeks to neutralise methane emissions that contribute to global warming.
ZELP’S own patent-pending technology oxidises ruminant’s methane emissions into carbon dioxide, reducing its impact on the environment by an approximate factor of 85x.
The technology comes in the form of a wearable device that clips to standard cattle halters/collars oxidising methane in real time and enabling the production of certified reduced emissions beef and dairy products. ZELP also gathers valuable statistical information about each animal using the device.
Harbottle & Lewis advised on the fundraising and has significant experience acting for early-stage companies on investment rounds.
On working with the Firm, founder Francisco Norris said: “We are delighted that Harbottle & Lewis delivered on their promise to provide high-quality, pragmatic advice for early stage companies. Their approach helped us to close the round efficiently, which meant we could focus on running our business rather than lengthy investment negotiations.”
You can find out more about ZELP here.