- Pest control startup Spotta has just raised $1.2 million in a seed funding round backed by the likes of REMUS and Martlet Capital.
- Valued at $18 billion globally, the global pest control industry is rife for disruption – with estimates that it could exceed $27 billion by 2025.
- Business Insider got an exclusive look at the pitch deck Spotta used to bring investors on board.
- Visit Business Insider’s homepage for more stories.
Spotta, the British pest control startup, just announced it has raised over $1 million in seed funding.
Founded in 2018, Spotta uses AI to identify pests at the earliest point possible, send alerts to hotel managers, and enable them to deal the problem before a serious infestations breaks out.
Valued at $18 billion globally, according to analysts at Allied Market Research, the pest control industry is rife for disruption – with estimates that it could exceed $27 billion by 2025.
“For decades, pest management has been held back by laborious, error-prone manual monitoring,” said founder and CEO Robert Fryers.
“With our technology it is finally possible to change this and help industries around the world to make a step change from reactive to proactive management of pests. This will save billions and massively reduce the amount of pesticide used globally.”
The funding round was backed by Cambridge Angels, a consortium of angel investors in the UK, as well as VC firms REMUS, Martlet Capital, and Wren Capital.
Check out the pitch deck Spotta used to bring investors on board below:
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