Koolmill Systems Limited is a United Kingdom-based company founded in 1988 with the slogan "Changing the way the world is fed: one grain at a time." The company aims to revolutionize the rice industry, addressing the significant waste and inefficiencies present in the sector. Koolmill has developed disruptive processing technology, primarily for rice, which offers accessible, simpler mills with power savings of 80% and a reduction in food loss. The company's innovative approach not only improves profitability but also lessens the environmental impact of rice production globally. Koolmill's ambitious mission is supported by its strong intellectual property, with 70% of global rice protected by patents. The company has received a €50.00K grant investment from EASME - EU Executive Agency for SMEs in August 2016, which has aided in advancing its technology and establishing a validated pilot mill in Greece. Further, an additional £800,000 investment in 2020 is intended to fund the launch of its novel pay-as-you-mill business model. Koolmill's significant impact on the rice industry is evident as it strives to be recognized as a thought leader and a global top 10 supplier to the rice industry by 2028. The company's technology addresses critical global challenges such as minimizing food loss, increasing incomes, and lifting millions from poverty. With a vast market opportunity and a clear plan for growth, Koolmill presents an exciting prospect for potential investors looking to make an impact in the food and beverage industry.
Funding Stage | Amount | No. Investors | Investors | Date |
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Grant | €50.00K | 1 | EASME - EU Executive Agency for SMEs | 01 Aug 2016 |