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Goterra

Goterra offers waste management infrastructure that utilises modular systems to deliver food waste management.

SERIES_B on December 6, 2023

About

Goterra builds modular on-site food-waste management systems that use black soldier fly insect farms to process pre- and post-consumer organics for food processors, restaurants, and households.

Mission

Goterra develops autonomous food-waste management infrastructure that processes organics from food processing, kitchen and other pre-consumer streams through to post-consumer restaurant and household waste. Its system incorporates insect-based (maggot) processing as part of its climate-tech approach to divert organic waste. The company is presented as an Australian Climate Tech firm transforming food waste management for environmental benefit. Goterra lists offices/addresses in Sydney, Australia and in Singapore. Investible announced an investment in Goterra in December 2023 via its Climate Tech Fund and records the company’s stage as pre-Series B. No revenue, user, valuation, or detailed financial metrics are provided in the articles. Goterra operates modular on-site food-waste units that process waste using insect farms. Its clients range from food processors, restaurants and consumers. The system involves Black Solider Fly large and is designed to avoid centralized logistics by enabling decentralized, adaptable units for different customers and markets. Goterra currently operates only in Australia but has plans to expand into Southeast Asia. The company raised an A$8 million (US$5.55 million) Series A co-led by Tenacious Ventures and Grok Ventures. Olympia Yarger is the founder and has been known to the investors for many years.

Quick Facts

Founded

2016

Funding

SERIES_B

Industry

Agriculture, Waste Management

Team Size

11-50

Headquarters

Canberra, Australian Capital Territory, Australia