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Weedingtech

Sector:
Environmental Technology
Invested in:
Calculus EISs, Calculus VCT

Weedingtech is a world leader in herbicide-free, non-toxic weed control. Its proprietary Foamstream technology uses a combination of heat and chemical-free foam to kill weeds and moss, offering municipal and agricultural markets a viable and sustainable alternative to commonly-used herbicides which are increasingly associated with serious health issues.

Since Calculus Capital’s first investment in December 2016, Weedingtech has performed strongly, launching a significantly improved product (Foamstream M1200), extending sales reach in Europe and North America, strengthening management and doubling turnover. With Calculus’ support, Weedingtech secured £2.2m funding in April 2019 from a new institutional investor specialising in environmental sustainability and a further £0.2m at a higher price in August 2019. The funds will be used for the continued expansion into the US, sales and marketing and operational improvements.

Significant customers now include the Cities of Munich, Porto, Barcelona and Florence and the Swedish MOD in Continental Europe; London Borough of Hammersmith and Fulham, Wessex Water and AMEY in the UK; and Toronto Metro (Canada), the Cities of Seattle (WA) and Orange Town (NY), the NY State Department of Environmental Protection and Central Park, New York City in North America.

Rationale

Weedingtech is a world leader in an attractive, growing market, driven not only by general environmental trends, but also by increasing health concerns relating to chemical herbicides. The company is performing strongly with a unique technology, launched products and sales enquiries at record levels.

The new investment will be used to support the launch of Foamstream M600 (a lighter, lower flow model), to enhance North American and European sales capabilities further and to ensure the company has sufficient working capital for its growth.

Latest News

Weedingtech featured on BBC News Online

BBC news reported on Foamstream, the herbicide-free weed control product of Weedingtech, and its use across council parks and other public spaces. Leo de Montaignac, Chief Executive of Weedingtech, was quoted in the article: “I think that we’re only just seeing the very start of this market, and I think that over the next couple … Continued

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Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

I have read and understood this important information

Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

I have read and understood this important information