Arevo, a Swedish company that makes eco-friendly plant food, just got €7.3 million from its friends who gave money before: Industrifonden, Fort Knox Förvaring AB, Navigare Ventures, and Stora Enso. This big pile of cash will help Arevo build a giant factory to make much more of its special natural plant food. The money will also let them improve how they make it and start selling it to farmers in other countries around the world.
About Funding
Arevo is a company from Sweden that makes special plant food using natural ingredients instead of harsh chemicals. They just got a big pile of money—€7.3 million—to build a huge factory so they can make lots more of this plant food and share it with farmers in other countries. The same kind friends who helped them before gave money again because they believe in Arevo’s idea.
About their Products
This special plant food is made from something called arginine phosphate. It helps plants grow strong, keeps extra bits from washing into rivers, and makes much less pollution than the old kinds of plant food that hurt the air. In fact, regular plant food causes almost twice as much air pollution as all the airplanes in the world!
Company welcomed a new helper
Arevo also welcomed a new helper named Maria to their team. She used to lead Sweden’s Green Party and knows tons about keeping the Earth clean and following green rules. With her help and the new money, Arevo is ready to grow super big and help farmers everywhere grow food in a way that’s gentle on our planet.
This funding will help them improve production and sell to farmers in other countries. The special plant food helps plants grow strong, stops leaks into rivers, and cuts pollution, making farming better for the planet.
