News Commentary | June 13, 2019
This round nearly matches the company's fundraising to date and includes Novo Holdings in addition to repeat investors like Anterra, Cultivian Sandbox, Open Prairie, and Pangaea. Following the company's success in achieving a novel MOA designation in 2018, these funds will support the company's ... Not part of subscription
News Commentary | January 25, 2019
While the investment size remains undisclosed (rumored at seven digits by Forbes), the funding is well‑timed to enable the expansion of sales for the company's first product, CropCoat (expected launch in 2019), and the development of its second product, a tunable active ingredient release (AIR) ... Not part of subscription
News Commentary | July 24, 2018
AgBiome, which specializes in developing crop pesticides, has completed a sizable $65 million Series C funding round. This effort doubles that of AgBiome's Series B round, indicating investor confidence for continued commercial expansion. AgBiome currently has an insecticide and four fungicide ... Not part of subscription
by Thomas Hayes
Cambridge Crops will use the funding to complete FDA and USDA regulatory milestones, support production scale-up, and help form commercial partnerships. Its coating, derived from silk, can allegedly extend the shelf life of produce by preventing oxidation, improving water retention, and slowing microbial growth. The effectiveness of the coating with respect to each metric remains a big unknown, making it unclear how the company will stack up against startup peers Apeel Sciences and Startchy in the edible coatings arena. But remember, ethylene-blocking inserts like those from Hazel Technologies (which coincidentally just raised a $13 million Series B round) should be prioritized given their ease of implementation.
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