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

June 26, 2020
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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 platform screens interactions between small molecules and the proteome of pests and potential interacting organisms to identify both novel compounds and off-target effects. While Enko's products are early-stage, it plans to use the funding to continue field trials in both North America and South America. Clients, the scale of this funding is notable, but Enko's platform remains a black box, and further investigation is required to gauge its value.

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