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

February 21, 2019
Emerging Ecosystems in Agrifood and Health More...
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by Joshua Haslun
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.

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