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Radical soil health investment completed by Green Angel Ventures

Green Angel Ventures announced today that it has completed an investment in a company claiming to be “The Future of Soil Health Measurement”. The company is called PES Technologies, and is based in Diss, Norfolk.

PES Technologies has developed a product that provides industry-leading, biology-based soil health information in-field in 5 minutes. The product is built around PES’ unique VOC-sensing (or “smell-based”) technology that, with one test, provides the multiple biological, chemical, and physical indicators agronomists use for soil health assessments. The acronym PES stands for Printed Electronic Sensors.

Soil is a finite and non-renewable resource that should be teeming with life, especially microbial life – without it, soil is not soil, but just dust. Unfortunately, a significant amount of our world’s soils are degraded or heavily degraded. Soil in poor health produces less food and is less resilient to climatic extremes, making it more prone to flooding and drought.

Founded in 2017 by CTO Jim Bailey, CEO Andrej Porovic and Graham Bailey, PES employs a team of 5 and is looking to strengthen with multiple hires over the coming months. It was recently featured on the Cleantech Group’s 2023 “50 to Watch” (selected from 1,814 companies) and was one of the FoodTech 500 in 2022.

Andrej Porovic, CEO and co-Founder of PES Technologies, said:

“This funding builds on the successful commercial trials PES carried out with large agronomy companies and farm businesses in 2022. It enables PES Technologies to complete product development, power product launch in 2024 and hire the key commercial and administrative staff needed to turn our potential into a commercial success story.”

Nick Lyth, President of Green Angel Ventures, said:

“We are delighted to be completing this investment in PES. Soil health is one of the crisis points in the modern world. Without addressing the mounting problems, food security will become a major issue. PES takes a giant stride towards safety and a world in which our soil health can be ensured.”

Disclaimer – Investment in early-stage companies involves risks such as illiquidity, lack of dividends, loss of investment and dilution. Even when diversified within a fund, investing in early stage companies carries a higher risk than investing in more established companies. Investment in EIS and SEIS funds should be considered as part of a diversified portfolio. Green Angel Ventures Limited is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 963377. The content is for information purposes only and should not be used or considered as an offer or solicitation to purchase or sell any securities.

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