# Lettus Grow

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lettus-grow

- Industry: Agribusiness
- Headquarters: Bristol, UK
- Website: www.lettusgrow.com
- Total disclosed funding: $3M
- Latest round: Seed (Nov 27, 2019)
- Investors on record: 4

## About

Lettus Grow Ltd., based in the UK, is a pioneering company specializing in Advanced Aeroponics™ technology, enabling sustainable plant cultivation with minimal resource usage and no pesticides.Founded in 2015 in Bristol, UK, Lettus Grow Ltd. focuses on developing advanced aeroponic systems for agriculture. The company has received a total of 3 deals, with the most recent deal occurring on November 27, 2019. Lettus Grow raised GBP 2.37 million in a Seed funding round led by Longwall Ventures, with participation from Bethnal Green Ventures, ClearlySo, and Parkwalk Advisors. The latest funding round values the company at GBP 7.16 million. The founders include Ben Crowther, Charlie Guy, and Jack Farmer, with Charlie Guy serving as the CEO.Lettus Grow specializes in Advanced Aeroponics™ technology, allowing plants to be cultivated in controlled environments while significantly reducing water and fertilizer usage, and eliminating the need for pesticides. Their offerings include Aeroponic Rolling Benches™, Development Kits™, and Controlled Environment Agriculture (CEA) containers, targeting both greenhouse and vertical farming applications. They aim to enhance food production efficiency and sustainability, collaborating with institutions like the John Innes Centre and Wageningen University to refine their technology. Their products are marketed mainly in the UK and Europe, serving diverse clients like commercial growers and research institutions.Lettus Grow generates revenue through direct sales and B2B partnerships within the agricultural sector, supplying advanced aeroponic systems to commercial growers and research facilities. Key products include Aeroponic Rolling Benches™ and Development Kits™, sold with potential ongoing service agreements. Their transaction model emphasizes long-term partnerships, often supplemented by services such as training workshops and consultancy tailored to client needs and project scopes.Following the Seed funding round completed on November 27, 2019, where Lettus Grow raised GBP 2.37 million, the company plans to utilize these resources to advance its product development and expand into new markets. They aim to launch upcoming products that enhance their aeroponic systems, targeting broader geographical markets across Europe. This expansion is aligned with their strategy to meet the increasing demand for sustainable agricultural practices.

## Funding rounds

- Seed, Nov 27, 2019, $3M — Parkwalk Advisors, Longwall Ventures, ClearlySo, Bethnal Green Ventures

## Investors

- Parkwalk Advisors (https://capitalatlas.ai/funds/parkwalk-advisors) — Seed
- Longwall Ventures (https://capitalatlas.ai/funds/longwall-ventures) — Seed
- ClearlySo — Seed
- Bethnal Green Ventures (https://capitalatlas.ai/funds/bethnal-green-ventures) — Seed