NEWS COMMENTARY

Terramera receives $10 million from BDC to commercialize its Actigate biopesticide enhancement technology

Published:
February 21, 2019
Coverage:
Emerging Ecosystems in Agrifood and Health More...
Activities:
Investment
Truly disruptive

The subordinated debt financing round indicates BDC's trust in Terramera's technology to decrease the use of chemical pest control while improving yields. The financing is part of BDC's commitment to enable the growth of Canadian cleantech developers. Lux has followed Terramera (Lux Take: Positive), identifying it as key innovator in the biopesticide space. One of the major challenges facing the expanded use of biopesticides is the high cost of production and low efficacy of application. By increasing the effectiveness of biopesticides, the cost of application substantially decreases, and competition with conventional pesticides becomes a reality. Clients should look to co-development of biopesticides using Terramera's Actigate technology.

For the original news article, click here .


Further Reading

Aphea.Bio

Company Profile | December 08, 2020

Aphea.Bio applies metagenomics and proprietary culturing techniques to identify environmental strains with commercial applicability It utilizes an automated 3D imaging system to rapidly validate traits, with the capacity to test 1,500 strains annually Aphea.Bio's early targets include a ... To read more, click here.

Solynta, disruptor in the potato seed industry, raises €21 million to expand true potato seeds (TPS)

News Commentary | July 30, 2021

Solynta, a Netherlands‑based company, raised €21 million in Series C funding to accelerate the full potential of true potato seeds (TPS). Potatoes are predominantly clonally propagated using tubers. Seeds from the potato berries are called true potato seeds. Solynta's innovative F1 hybrid breeding ... Not part of subscription

AgBiome raises $116 million Series D led by Blue Horizon

News Commentary | September 16, 2021

With the funding, AgBiome will expand its portfolio, cement its global presence, and scale its scientific and commercial teams. AgBiome has now generated two products with its discovery platform: Howler, a broad‑spectrum fungicide with 10× sales growth in 2020, and Theia, a second fungicide ... Not part of subscription