WEST Australian climate technology company Rumin8 has closed Phase 2 of its seed funding round, with investments from the Bill Gates-founded Breakthrough Energy Ventures (BEV) and Andrew and Nicola Forrest’s agri-food business Harvest Road Group.
The funding will be used to accelerate Rumin8’s road to commercialisation.
Rumin8’s lead product claims to replicate the methane reductions of red seaweed (asparagopsis), but instead of harvesting from the marine ecosystem, the plant’s “methane busting bioactive” is manufactured and transformed into a…