FOR IMMEDIATE RELEASE
Contact: Sente Ventures
LOMBRIS JOINS SENTE'S CIRCULAR ECONOMY PORTFOLIO
A smart urban waste management system to provide organic fertilizer from household waste
Chicago, IL (February 21, 2023): Sente Ventures ("Sente") announces funding of Lombris, a startup with an integrated technology and business model for managing organic waste in urban environments to provide high-quality organic fertilizer for local farmers or global buyers.
Lombris worked with Sente’s team to dive deep into its business model, develop a plan for scaling, and refine its market segmentation and geographic expansion strategy. The company received a pre-seed cash investment and is initially launching in Puebla, Mexico, with plans to expand throughout North America.
“We’re excited to work with a company that has looked at the problem of household organic waste and is addressing it in a very unique way”, said Gerod Carfantan, Sente’s COO and head of its Circular Industrial Economy vertical. “We’ve seen a number of companies trying to encourage household composting, but Lombris has connected that value chain all the way to the farmer, closing the loop on the circular economy for organic produce.”
Lombris has addressed the common problems with traditional composting in cities with the method of vermicomposting, which decreases composting time and increases quality of the outputs, making it suitable for producing organic fertilizer in mass quantities from household waste inputs.
The company’s cofounders see great potential in joining Sente’s circular economy ecosystem. “My team and I are very happy to be on board with such a professional and experienced team. In just two months, Sente has helped Lombris to create a rock-solid foundation to grow, and to make the positive impact that the world is looking for”, said Jorge Alberto Cueto Reyes, CEO and Co-Founder of Lombris.
Sente continues to search the globe for circular economy, foodtech and agtech startups. Participants should be early-stage startups with unique technologies or innovative business models to solve the problems of supply chain, waste management, energy management and sustainable and healthy food and agriculture. For more information about Sente's investment focus and portfolio, please visit their website.
About Sente Ventures
Sente Ventures ("Sente") is a Chicago-based early-stage startup investment firm that works with corporations, family offices, and institutional investors to connect startups with innovative and scalable opportunities using its unique internatinoal investment platform. Sente searches the world for the most high-potential startups and helps them scale through partnerships with its partners. With Sente, startups can scale faster and do so internationally; investors get line-of-sight, a new way to invest in the world's most promising startups; and corporations accelerate innovation like never before. Since its founding in 2013, Sente has supported early-stage companies that operate in over 40 countries, received over $35M in funding, and has generated revenues exceeding $80M. Find Sente online at sente.vc, LinkedIn, and Twitter.