Foresight Group, a regional private equity and infrastructure investment manager, has made a further £1m investment into Zayndu, as part of a £1.5m funding round alongside Growthdeck and EIS investors.
Zayndu is a Loughborough University spin-out that has developed an innovative seed priming technology aimed at boosting crop yields. The technology is already being used globally to treat seeds across the value chain, from seed producers to indoor growers.
Since Foresight’s initial investment into Zayndu in 2023, the company has introduced its initial products to market, expanded its range and is accumulating customer data evidencing the increasing plant yields from the technology.
The senior management team has been bolstered with several new hires bringing extensive industry expertise. The follow-on investment will allow the company to accelerate commercialisation of the technology, increase recurring revenue and position the business for further growth.
Ralph Weir, CEO of Zayndu, said: “Zayndu is moving forward at pace, delivering systems which simultaneously remove chemicals from agriculture and boost crop yields.
“With Foresight we feel we have found an investor who shares our passion for the environment while also understanding the challenges of building a high-growth technology startup. These funds will be instrumental as we continue our growth journey.”
Line Kristine Gauteplass, investment manager at Foresight Group, added: “We are delighted to continue to support Zayndu on its growth journey. The Company has been through exciting change since initial investment and is well positioned for scale.
“Zayndu’s innovative technology is unique in its ability to boost plant health, and we look forward to seeing the impact it has with its growing customer base.”
