Laird Norton Co. Leads Investment Round in WISErg
Congrats to Laird Norton Company (the parent co. of LNWM) for leading the latest round of funding for WISErg, an innovator in recycling. WISErg, based in Redmond, WA, was launched in 2016 to deal with the extreme amount of food waste in the US. The USDA estimates as much as 30% to 40% of the food in the US is thrown away.
WISErg has created a device that turns throwaway food into a nutrient-rich slurry that is sold to the agricultural sector as fertilizer. Their recycling machine also provides data reports to help grocers and restaurants better manage food stocks, resulting in savings. Check out the Geekwire story on this latest round of funding that will help the company expand to the eastern US, South and Central America, as well as build a new plant in southern California.