Elbow Beach Capital, the decarbonisation, sustainability and social impact investor today announces its first investment, backing wastewater treatment and bioenergy company, WASE with an initial GBP400,000 investment, to be followed by a further GBP300,000, following closure of the oversubscribed Seedrs campaign.
Receiving further support from the Science Angel Syndicate, and the European Union’s Climate-KIC’s investment support programme Found by Us, Funded by You, WASE has raised over GBP1 million.
Funds raised this round will go towards installing a commercial industriWASE Biocentre system at Hepworth Brewery, progressing WASE’s sales pipeline, increasing R&D spend and supporting key hires across the commercial, research, engineering and finance teams. Ultimately, WASE aims to install over 1000 systems in the next five years, generating over 500 gigawatt hours of renewable energy and saving over 140,000 tonnes of carbon.
