The sweet potato weevil is a very difficult pest to control and it is a serious pest in Africa. So the Bill and Melinda Gates Foundation asked AgBiome if they’d be willing to work on it. They're now entering phase 2.
There’s no better place to cultivate an agbioscience ecosystem than America’s heartland in Indiana, especially as the region already presents the perfect convergence of agriculture, biology, and science/tech.
Totaling $15 million, the round includes the $10 million strategic investment from Canopy Rivers announced earlier this year. Existing investors Finistere Ventures and Middleland Capital participated in the round, which was oversubscribed.