Corteva invests in Lavie Bio, the ag subsidiary of Evogene

August 15, 2019
Emerging Ecosystems in Agrifood and Health More...
Very important

Corteva received a 30% equity stake in Lavie Bio as well as certain undisclosed rights to the company's corn and soy pipelines, and Evogene acquired Taxon Biosciences, a microbial genomics and gene discovery platform developer Corteva acquired in 2015. This strategic move passes Taxon's technologies on to Lavie Bio, but Corteva retains some access through it stake. Corteva continues to advance consumer access to biologicals, mainly through partnerships (outside of livestock solutions), as evidenced by this and its recent partnership with Stoller Group. The strategy allows Corteva to focus resources on its development pipeline, while Lavie gains a massive new market in Corteva's corn and soy customers for its future biologicals.

For the original news article, click here .

Further Reading

AI-driven crop protection discovery startup Enko Chem raises $45 million Series B

News Commentary | June 26, 2020

Led by the Bill & Melinda Gates Foundation and joined by six other investors, the round brings Enko Chem's total funding to $66 million in three years. Enko will advance its discovery efforts toward finding alternatives to existing insecticides, fungicides, and herbicides. Enko's discovery ... To read more, click here.

Boost Biomes closes $5 million Series A and JDA with Yara

News Commentary | June 30, 2020

Yara's $3 million equity investment was joined by Viking Global Investors and Y Combinator, pushing Boost's funding to $10 million. The round accelerates the commercial development of its microbial biofungicides. Boost pairs discovery and microbial enrichment platforms with decentralized ... To read more, click here.


Company Snapshot | October 26, 2020

The company was started by Dr. Gil Shalev (CEO) after developing an algorithm to facilitate more effective and rapid breeding of crops. To date, the company has raised about $17.6 million, most recently raising a $10 million Series B round in February 2020. Among its investors, we highlight BASF (... To read more, click here.