/Companies

microTERRA

Techstars '19

Irapuato, MX · Founded 2019 · Delaware corporation · 22 employees on LinkedIn · 12 known investors

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microTERRA develops functional food ingredients derived from Lemna (aquatic plants) that enhance flavor intensity, block undesirable tastes, improve mouthfeel, and integrate flavors in food products for the food and beverage industry. The company offers sustainable ingredient solutions for food formulators and manufacturers.

Also known as Microterra · MicroTERRA

Founders & leadership

microTERRA was founded in 2019 by Marissa Cuevas.

MC
Marissa CuevasFounderMarissa Cuevas is an engineer and entrepreneur who leads microTERRA, which develops functional food ingredients from aquatic plants for the food and beverage industry.

Board

PF
Pablo FernandezBoard director
GW
Gabriel WilmothBoard director

Investors · 12

Also in the syndicate · 4

Fernando CuevasFrancois SaugieLifely TechTypha Partners

Reported raises · per SEC filings

Form D private placements

$9.7M disclosed across 2 of 3 rounds · 2021–2024

▶$4.6MraisedSep 2024 · 27 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Pablo FernandezDirector
  • Marissa CuevasExecutive Officer, Director
  • Gabriel WilmothDirector
Offering amount
$5.7M
Amount sold
$4.6M
First sale
Aug 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$5.1MraisedSep 2024 · 27 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Pablo FernandezDirector
  • Gabriel WilmothDirector
  • Marissa CuevasExecutive Officer, Director
Offering amount
$6.2M
Amount sold
$5.1M
First sale
Aug 2024
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Sep 2026

microTERRA is a Mexico-based business-to-business food technology company that cultivates Lemna (duckweed), an aquatic plant, on nutrient-rich agricultural and aquaculture wastewater and processes the biomass into functional food ingredients. Its current commercial line, marketed as MAS, is a natural Lemna extract positioned as a flavour modulator: the company states it intensifies flavour with umami notes so that monosodium glutamate can be reduced, blocks undesirable notes such as bitterness, improves mouthfeel and body, and integrates flavour components across a formulation. Variants are presented as UMAMI, BETA and ALPHA. The company describes the ingredient as clean-label, produced through a bioprocess protected by intellectual property, and applicable to beverages and solid foods in sweet and savoury applications and compatible with baking, extrusion and freezing. In a 2025 founder interview the flagship product was described as MASK, a natural flavour enhancer used to potentiate, modulate and mask aftertaste in alternative meat, dairy and sweetener products.

The company's earlier positioning, as described by accelerator and investor sources, centred on a functional binding ingredient for the plant-based food industry that carried no colour or taste, allowing nutritional value to be added without altering texture, taste or appearance. microTERRA partnered with existing aquaculture farms in Mexico to grow Lemna, which absorbs nitrogen and phosphorus from the water while it grows, so that cultivation cleans the farm's water as a by-product.

At its origin the company operated in aquaculture water treatment: it built circular systems in which fishpond wastewater was pumped into cylindrical bioreactors where microalgae absorbed carbon dioxide, nitrogen and phosphorus, returning cleaned, oxygenated water to the pond while the harvested biomass was dried and used as a protein input for fish feed. The company said such a system could supply up to 60 percent of a farmer's own feed, and that remote sensors let technicians monitor water quality and advise the farmer through a cloud platform and mobile app."]

Founding story

Founder and CEO Marissa Cuevas Flores, a renewable energy engineer with a master's degree in sustainability management from Columbia University, traces the idea to a 2017 lecture at Singularity University on planetary boundaries delivered by the Stockholm Resilience Centre, which identified nutrient runoff as an urgent challenge linked to food security. She sought ways to recover nitrogen and phosphorus from water rather than let them cause algae blooms and dead zones, and after ruling out kelp and seaweed because of long growing times she turned to microalgae and later to aquatic plants such as Lemna. She built a system in 2018 to turn wastewater into fertilizer but found insufficient market demand; while interviewing a farmer for market research she saw tilapia tanks and redirected the work toward fish feed produced from fishpond wastewater.

Business model

Business-to-business supply of ingredients to food and beverage manufacturers and formulators. In its earlier aquaculture phase the company sold or installed wastewater-treatment systems to fish farmers, with the protein by-product offsetting the cost of the equipment, and explored selling raw protein ingredients to fish feed producers. In the ingredient model, microTERRA partners with existing aquaculture and agriculture farms that grow Lemna on their nutrient-rich water, giving farms an additional revenue stream and reduced wastewater footprint while keeping microTERRA's own capital expenditure low; the company has said it is pursuing an asset-light downstream manufacturing strategy.

Sale of Lemna-derived functional ingredients (MAS/MASK extracts) to sweetener producers, small and medium food businesses and large food corporations; earlier revenue was expected from aquaculture water-treatment systems and the sale of dried biomass as feed protein. An investor write-up in 2021 cited management forecasts of $2.5M revenue at 20 farms in 2022 and $165M annual revenue at 205 farms in 2025, with about 95 percent of revenue from decolorized lemna and gross margins of roughly 55-60 percent.

Traction

By late 2021 the company reported validating the market through more than 40 customer interviews, sample requests from about half of those firms and nine samples sent to customers including Berlioz, Barentz and NAT; interest from multinational food companies including Danone, Nestlé, Mars, Givaudan and Unilever; plant-based cuisine trials with three Mexican restaurants (Berlioz, Waldo's and Vegamo); operations on three farms with 12 farmers soft-closed as of August 2021; and a first lemna system installed in January 2021. In its aquaculture phase the company was in talks with 10 fish feed producers in Mexico. In 2025 the company reported multiple co-developments with successful results and an expanded sales team, while targeting downstream production capacity of up to 50,000 kg annually and two new ingredients and two new patents.

Latest developments

In February 2024 the company launched a duckweed-based ingredient aimed at reducing sugar in food and beverages. A July 2025 founder interview set out three priorities: expanding commercial sales of the masking extract to sweetener producers, small and medium businesses and large food corporations; an asset-light manufacturing scale-up to reach up to 50,000 kg of annual downstream production; and R&D to optimise MASK and add two new ingredients and two new patents.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned as an alternative to monosodium glutamate and other flavour enhancers, and to synthetic and conventional plant-based binding agents, with a clean-label, upcycled sourcing story. An investor analysis valued the binder ingredient market at $4.5B in 2019 with a projected $85B total addressable market by 2030, and cited management estimates of a $25B serviceable market and $2B obtainable market by 2030.

The ingredient is produced by plants that clean water as they grow rather than consuming freshwater, upcycling nutrient runoff at its source and giving partner farms an extra revenue stream and reduced effluent. The resulting plant-based binder was described as having no colour and no taste, and the current extract is presented as a natural, clean-label alternative to monosodium glutamate that also enables salt and sugar reduction. The model is described as capital-light relative to competing approaches because it uses existing aquaculture farms and low-cost, locally maintainable equipment suited to Latin America's warm, sunny climate, which removes the need for artificial lighting or heating.

Technology

Cultivation of Lemna (duckweed) and, in the earlier system, microalgae consortia on nutrient-rich farm wastewater, where the organisms absorb carbon dioxide, nitrogen and phosphorus and release oxygen. The original treatment platform used low-cost cylindrical bioreactors built from locally available materials, with sensors feeding a cloud platform and mobile app for remote monitoring of pH, water quality and algae behaviour. The biomass is harvested, dried and processed; for food use the company applies a proprietary bioprocess, backed by intellectual property, to extract and decolorize the ingredient, yielding a colourless, tasteless functional ingredient in the plant-based formulation, and flavour-modulating extracts in the current MAS/MASK line.

Go-to-market

Direct engagement with food industry formulators, creators, distributors and development specialists through general and sales/partnership contact channels, supported by sample shipments and co-development pilots with prospective customers. The company has also used accelerator networks (Techstars Sustainability Accelerator, IndieBio/SOSV) and investor communities for customer introductions, and in its aquaculture phase worked through Mexico's national livestock feed production association and direct relationships with fish farmers and feed producers.

Food and beverage manufacturers, ingredient formulators, distributors and product developers, including companies working on plant-based, low-sodium, reduced-sugar and high-protein products and sweetener producers. Earlier customers were inland fish farmers in Mexico, particularly small and medium pond-based tilapia operations, and fish feed producers.

Geography

Operations centred in Mexico, with pilot and early systems at tilapia farms in Irapuato and Apaseo el Grande and a company location given as Mexico City; the team spans Mexican, Venezuelan, US, Belgian and French nationalities. Latin America was targeted as the initial market for the aquaculture systems, while the ingredient business addresses food and beverage manufacturers internationally.

History

A first pilot, a 5,000-litre system at a tilapia farm in Irapuato, Mexico, was completed in June 2019; it was reported to treat 5,000 litres of wastewater every three days, produce about 4 kg of fish feed per day and roughly one tonne of dried microalgae per year. The company was selected for the 2019 cohort of the Techstars Sustainability Accelerator, backed by The Nature Conservancy and Amazon, and was the first aquaculture company accepted into that program. A larger 25,000-litre system producing an estimated 20 kg of feed per day was scheduled for deployment in February-March 2020 at a tilapia farm in Apaseo el Grande, Mexico. The company later joined SOSV's IndieBio NY 02 cohort and repositioned around Lemna-derived functional ingredients for the plant-based food industry, installing its first Lemna system in January 2021 and announcing a duckweed-based sugar-reduction ingredient in February 2024. By 2025 the product line was centred on natural flavour enhancement and masking for food and beverage manufacturers.

Risks & controversies

The founder has cited long industry sales cycles as a core scaling challenge, compounded by political instability, a weak financial climate that reduces appetite for innovation, large existing inventories at big corporations and customer reluctance to change formulations, which has slowed sales development and affected team morale. The earlier aquaculture hardware model carried a long payback period, estimated at five to seven years for a system priced at about $250,000 for 100,000 litres, and an initial fertilizer product was abandoned for lack of market demand."]}

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Customer samples sentDec 20219 samples
Dried microalgae output from pilotSep 20201 tonnes/year
Estimated cost of 100,000-litre systemJan 2020$250K
Farmers soft closedAug 202112 farmers
Farms in operationDec 20213 farms
Fish feed producers in discussionsSep 202010 companies
Forecast revenue at 20 farms (2022)Dec 2021$2.5M
Forecast revenue at 205 farms (2025)Dec 2021$165M
Gross marginDec 2021~55-60%
HeadcountAug 202622
Pilot fish feed outputJan 20204 kg/day
Pilot system capacityJun 20195,000 liters
Share of farmer's fish feed that can be self-producedJan 202060%
Target annual downstream production capacityJul 202550,000 kg/year

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 7

launches, deals, and filings
Feb 2024
Launch of duckweed-based ingredient to reduce sugar in food and beverages

microTERRA announced a Lemna (duckweed)-based ingredient aimed at sugar reduction in food and beverage products, as reported by vegconomist.

source ↗

Jan 2021
Participation in SOSV IndieBio NY 02 cohort

microTERRA is listed as a portfolio company of SOSV's IndieBio NY 02 program at seed stage.

source ↗

Jan 2021
First lemna system installed

The company installed its first Lemna cultivation system in January 2021.

source ↗

Feb 2020
Deployment of 25,000-litre system at Apaseo el Grande tilapia farm

A second, larger system estimated to produce 20 kg of fish feed per day was scheduled for deployment in February and March 2020 at a tilapia farm in Apaseo el Grande, Mexico.

source ↗

Jan 2020
CTO receives National Geographic Explorer grant

Chief technical officer Paola Constantino received a grant through the National Geographic Explorer program to support research on applied biotechnology against climate change.

source ↗

Jun 2019
First pilot system completed at tilapia farm in Irapuato

A 5,000-litre microalgae wastewater-treatment pilot was completed with a local tilapia producer in Irapuato, Mexico, treating 5,000 litres of wastewater every three days.

source ↗

Jan 2019
Selected for Techstars Sustainability Accelerator 2019 cohort

The company joined the 2019 cohort of the Techstars Sustainability Accelerator, a three-month program backed by The Nature Conservancy and Amazon; it was the first aquaculture company accepted.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
microTERRADelaware

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does microTERRA do?
Mexican food-tech company making natural flavour-modulating ingredients from the aquatic plant Lemna grown on farm wastewater.
Who founded microTERRA?
microTERRA was founded by Marissa Cuevas in 2019.
Who are microTERRA's investors?
microTERRA's investors include Amplifica Capital, Cavallo Ventures, Great Circle Ventures, SOSV, Techstars, Zentynel Frontier Investments, Climate Capital, Marinya Capital.
How much funding has microTERRA raised?
microTERRA has disclosed $9.7M raised across 2 of its 3 known rounds.
Where is microTERRA headquartered?
microTERRA is headquartered in Irapuato, MX.