NEWS COMMENTARY

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

Published:
June 26, 2020
Coverage:
Emerging Ecosystems in Agrifood and Health More...
Activities:
Investment
Average importance

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.

For the original news article, click here .


Further Reading

Equinom secures investment round including BASF Venture Capital

News Commentary | December 16, 2019

The round, the value of which remains undisclosed, was joined by existing investors including Fortissimo Capital and Roquette. Predictive breeding algorithms (a.k.a. in silico breeding) developed by Equinom and its competitors (Benson Hill, Computomics, Progeno, Hi Fidelity, BreedIT, Pairwise, Inari... Not part of subscription

Crop Enhancement raises $8 million Series B to support co-development initiatives with agrichemical companies

News Commentary | April 16, 2020

The funding round, led by Spruce Capital Partners and joined by 1955 Capital, Phoenix Venture Partners, Cavallo Ventures, Davinia Investment, and Alexandria Ventures, builds on its 2017 $8.5 million Series A. Crop Enhancement develops coatings for pre‑ and post‑harvest applications formulated from ... Not part of subscription

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.