“Pivot Bio is addressing one of the largest sources of GHGs on the planet – the potent nitrous oxide and carbon dioxide emissions associated with the use of synthetic fertilizers,” said Carmichael Roberts of Breakthrough Energy Ventures.
The plant microbiome research and products company counts the Gates Foundation as an investor.
These provisions include funding for a new USDA pilot project that will incentivize farmers, through payments, to adopt agricultural practices aimed at improving soil health and sequestering organic soil carbon.
The round takes the startup's total funding to over $300 million after it raised $156 million last year in Series C and D funding.
Agriculture biotechnology (ag biotech) applies to all technologies used on the farm involving biological or chemical processes.
There's still a long way to go before we have a complete understanding of soil health and how it interacts with plant growth, according to Bill Buckner, president and CEO of the Noble Foundation.
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Soil and crop technologies led the week with two crop enhancement technologies raising funding in Italy and Africa.
The ag bioinformatics startup for the wine industry will be hiring new staff at its San Francisco and Spain locations to build out its microbial database and global service.
Blue Prairie Brands, a startup producing chicory flour to replace white flour in food, has raised $6 million in Series A funding.
While it’s certainly been slow during the summer, there have been some notable fundings and we don't want you to have missed them!
AgFunderNews caught up with the CEO of Indigo Agriculture, to find out more about the company's blockbuster round of funding and future plans.
Indigo has raised $100 million in Series C funding as it launches its first commercial product, a microbial seed coating promoting water efficiency in cotton.
Dairy-free milk maker Ripple Foods raised its Series B funding round from a who's who in venture capital, while a microbiome testing company Trace Genomics raised $4m.
This week's fundings-in-brief features over $40m of equity funding into food and ag-related startups.
Microbiome Innovation Startup Pivot Bio Raises $16m Series A
The microbiome is a hot topic among agtech entrepreneurs and investors at the moment as research points to the potential to improve productivity at the soil and plant level.
Last week Bayer acquired proPlant, a health diagnosis and infection level warning software. We speak to CEO James Blome about M&A and commercializing microbiome research.
Pontifax Food and Agriculture Technology Fund, a private equity fund targeting $200m overall, has launched under the umbrella of Israeli life sciences venture capital firm Pontifax.
Ahead of speaking at the World Agri-Tech Investment Summit in San Francisco next week, Vishal Vasishth, co-founder of Obvious Ventures, talks about the firm's approach to agtech investing.
Agricultural development is one of the biggest initiatives for the foundation. Here Vipula Shukla, senior program officer for agriculture, speak about the foundation's approach to agtech investing.