Turquoise is a UK merchant bank specialising in energy, environment and efficiency.
Portfolio
2
companies
Outfield Technologies
Outfield Technologies builds drone and artificial intelligence software for orchard management and yield estimation.
SKOOT
SKOOT provides a carbon-negative lift-sharing application for friends.
Axel de Mégille
Director
Axel directs Stolt Ventures following a tenure at Turquoise. He holds board and observer roles across several technology and industrial companies.
LinkedInTurquoise led the seed round with participation from Cambridge Agritech, Deeptech Labs, and Amadeus to support international expansion.
"We are delighted to welcome LCIF2 as an investor in Outfield. This investment will enable us to develop the customer base as well as adding new functionalities to the platform. Now is the time for new precision technologies to revolutionise this sector, supporting global food security and managing the environmental impacts of fruit growing"
The mobility app has raised £1.5m to support its roadmap and overseas expansion plans.
"What resonates with investors is not just the initial premise of the business and how it can appeal to all demographics, but also our ability to refocus during the pandemic. From the fact we are the first carbon-negative lift-sharing app to identifying the need for Errands to getting it up and running so quickly, is why we have been so successful in our funding."
Turquoise backs carbon-negative mobility app SKOOT through the Low Carbon Innovation Fund 2.
"We were impressed by the SKOOT team who are already proven entrepreneurs. SKOOT has advantages of safety, cost, environmental impact and regulation compared with taxis. The platform is already built and robust and we see potential for large scale and international expansion of this innovative business."
