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Lucent BioSciences receives investment to bring carbon-neutral fertilizers to market

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Lucent BioSciences, Inc., a Vancouver, Canada-based agtech start-up, closed CDN$4.2M in investments from Emmertech, Amathaon, SVG Ventures, WUTIF Capital, Vantec/eFund and Vancouver-based angel investors.

Lucent Bio has developed a novel patent-pending fertilizer for agriculture called “Soileos” using cellulose fiber as a delivery agent. The product improves yield and soil health, is carbon neutral, non-polluting and sustainable.

Lucent is working with food processing companies to upcycle their low value cellulose fibers into a high value fertilizer and seed treatment. In addition, the company is collaborating with several large fertilizer companies to develop custom fertilizer solutions from its patented cellulose-based nutrient delivery technology.
The investment allows Lucent to accelerate their development of sustainable fertilizers and seed treatments, expand manufacturing, bolster commercialization and prepare a Series A investment round in 2022 to fund further expansion.

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