The Boards of Gresham House Renewable Energy VCT 1 plc and Gresham House Renewable Energy VCT 2 plc (the Gresham House VCTs or the VCTs) are very pleased to announce that they have made a new investment of £1.2 million into bio-bean, the world’s largest recycler of waste coffee grounds.
The bio-bean investment represents 30% of the £4 million funding round announced by bio-bean in April 2019. The Gresham House VCTs’ investment forms the final part of that round, and values bio-bean at £7.6 million.
Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.