Feed the world: Announcing our investment in NetZeroNitrogen

We’re delighted to (finally) announce our investment in NetZeroNitrogen!

The NZN team: Justin, Natalie, Alan, Thomas and Gary

The development of synthetic nitrogen fertiliser in the twentieth century enabled the crop production that we need to support a global population of eight billion people - half of whom would not be here otherwise (Our World In Data). But, it’s a huge problem from a climate perspective - the manufacture and use of synthetic nitrogen fertilisers is responsible for more than 1 Gt CO2e per year. Some of this is from the production of ammonia from grey hydrogen and the Haber Bosch process, but the larger part is from field emissions of N2O after application.

NZN aims to reduce both of these issues by commercialising the use of a naturally occurring bacteria. This colonises the plant, and fixes nitrogen directly from the air - giving the plant some of the nitrogen it needs, along with a host of other potential benefits including increased solubility of other nutrients, protection from pathogens and increased drought tolerance.

Rice being grown in NZN's labs colonised by nitrogen-fixing bacteria

ZCC invested back in December 2022, and Pippa joined their Board as an Investor Director. This investment enabled the team to set up their own labs in the University of Nottingham’s Synthetic Biology research Centre, hire two research scientists and start work characterising the 35 known different strains of bacteria.

We’re now joined by our friends at Revent, who are investing alongside a cohort of angels and angel investors in a pre-seed round. Revent is an impact vc fund based in Germany, with a focus on the climate and health impacts of food systems. Revent will add a Board Observer, and Pippa will remain the Investor Director.

NZN have an exciting year ahead of them with several key hires including a CTO to lead field trials, and development of their commercial strategy.

“The manufacture and use of synthetic fertiliser contributes around a billion tons of CO2e to the atmosphere every year - as well as causing issues with soil health and excess nutrients in waterways. We’re very excited about the potential of NZN’s bacteria-based alternative to reduce this damage, giving crops nutrients more efficiently and effectively, and working in harmony with nature. Justin, Gary and Alan have the right combination of deep scientific expertise and business leadership to deliver on the promise of this tiny organism to revolutionise the world’s agriculture.”

Understanding different bacterial strain properties in NZN's labs.

Risk to capital

This website is intended solely for professional clients and eligible counterparties.

Zero Carbon Capital Limited is an appointed representative of Sapphire Capital Partners LLP which is authorised and regulated by the Financial Conduct Authority. Sapphire Capital Partners LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 565716). Registered office: 28 Deramore Park, Belfast, BT9 5JU, United Kingdom.

Zero Carbon Capital Limited is registered in England and Wales (Company Number 12028532). Registered office: Lake House, 2 Port Way, Port Solent, Portsmouth, PO6 4TY, United Kingdom. Firm Reference Number 916588. Sapphire Capital Partners LLP is responsible for the regulated activities carried on by Zero Carbon Capital Limited.

This website constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and is communicated by Sapphire Capital Partners LLP in its capacity as principal. It is directed only at persons who are professional clients or eligible counterparties, or who fall within exemptions available under the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. It must not be relied upon by retail clients or any other person. The fund is a closed-ended alternative investment fund structured as a limited partnership.

Nothing on this website constitutes investment

advice, a personal recommendation, or an offer to sell or a solicitation of an offer to buy any securities. Any investment opportunity will be subject to separate legally binding documentation and appropriate investor classification and due diligence.

On this website, "we" refers to the combined activities of Zero Carbon Capital Ltd, Sapphire Capital Partners LLP and the funds they advise and manage. 

Investments in early-stage and growth companies involve a high degree of risk. Capital is at risk and investors may lose the entirety of their investment. The value of investments and any income derived from them can go down as well as up. Past performance is not a reliable indicator of future results. Tax treatment depends on individual circumstances and may change in future.

Where investments are made through arrangements operated by Sapphire Capital Partners LLP under its FCA permissions, eligible claimants may have access to the Financial Services Compensation Scheme (FSCS) subject to the FSCS rules and limits. Not all investment activities or losses are covered by the FSCS.

Any references to sustainability, climate impact, carbon reduction or decarbonisation relate to the investment strategy and objectives of portfolio companies. Such statements are based on current methodologies, assumptions and expectations and are not guarantees of future performance or environmental outcomes.

Risk to capital

This website is intended solely for professional clients and eligible counterparties.

Zero Carbon Capital Limited is an appointed representative of Sapphire Capital Partners LLP which is authorised and regulated by the Financial Conduct Authority. Sapphire Capital Partners LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 565716). Registered office: 28 Deramore Park, Belfast, BT9 5JU, United Kingdom.

Zero Carbon Capital Limited is registered in England and Wales (Company Number 12028532). Registered office: Lake House, 2 Port Way, Port Solent, Portsmouth, PO6 4TY, United Kingdom. Firm Reference Number 916588. Sapphire Capital Partners LLP is responsible for the regulated activities carried on by Zero Carbon Capital Limited.

This website constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and is communicated by Sapphire Capital Partners LLP in its capacity as principal. It is directed only at persons who are professional clients or eligible counterparties, or who fall within exemptions available under the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. It must not be relied upon by retail clients or any other person. The fund is a closed-ended alternative investment fund structured as a limited partnership.

Nothing on this website constitutes investment

advice, a personal recommendation, or an offer to sell or a solicitation of an offer to buy any securities. Any investment opportunity will be subject to separate legally binding documentation and appropriate investor classification and due diligence.

On this website, "we" refers to the combined activities of Zero Carbon Capital Ltd, Sapphire Capital Partners LLP and the funds they advise and manage. 

Investments in early-stage and growth companies involve a high degree of risk. Capital is at risk and investors may lose the entirety of their investment. The value of investments and any income derived from them can go down as well as up. Past performance is not a reliable indicator of future results. Tax treatment depends on individual circumstances and may change in future.

Where investments are made through arrangements operated by Sapphire Capital Partners LLP under its FCA permissions, eligible claimants may have access to the Financial Services Compensation Scheme (FSCS) subject to the FSCS rules and limits. Not all investment activities or losses are covered by the FSCS.

Any references to sustainability, climate impact, carbon reduction or decarbonisation relate to the investment strategy and objectives of portfolio companies. Such statements are based on current methodologies, assumptions and expectations and are not guarantees of future performance or environmental outcomes.