Equinom, a Kibbutz Givat Brenner, Israel-based technology seed breeding company, raised $4m in funding.
Fortissimo Capital made the investment.
The company, which had previously raised a total of $2.25m from Hazera (1939) Ltd., a leader in seed development and field crops, and private investors Michael and Gabriel Danziger, owners of The Danziger Group, intends to use the funds to continue accelerate the development of seeds and their commercialization in the USA and Australia.
Founded in 2012 by Dr. Gil Shalev, CEO, Equinom is a technology seed breeding company focused on the development of specialized crops for the food industry. The company’s advanced breeding technology is based on proprietary algorithms and calculation methods, which combine classic breeding with genomic and bio-informatics methods.
Equinom’s products are high-protein legumes and sesame seeds for oil and tahini. To date, the company has signed a number of breeding contracts with leaders in the food industry including a multi-year contract with Sabra Dipping Company, LLC, a joint venture of PepsiCo, Inc. (NYSE: PEP), and the Strauss Group Ltd.
FinSMEs
18/10/2017