Australian climate tech startup Goterra has entered voluntary administration after failing to secure the critical investment needed to scale its automated, insect-powered waste-processing operations.
The company’s board has appointed Daniel Walley and Martin Ford of Teneo to serve as joint administrators.
Founded by Olympia Yarger, Goterra pioneered an innovative circular-economy solution using advanced robotics and black soldier fly larvae to convert commercial food waste into sustainable animal protein and fertiliser.
Despite strong market traction and a high-profile client roster including Melbourne Airport, the City of Sydney, Woolworths (ASX:WOW), the Hyatt Regency Darling Harbour, and Lendlease’s Barangaroo precinct, capital…