The amount of the deal was not disclosed.
The company intends to use the funds to accelerate the development of its crop protection technology in the United States — particularly for the production of high-value fruit and vegetable crops.
Founded by renowned materials scientist and serial entrepreneur Dr. David Soane, and led by Kevin Chen, Ph.D., CEO, Crop Enhancement has developed the CropCoat® technology, which targets major fruit and vegetable crops across North America, Southeast Asia, Greater China, Latin America, Europe, and West Africa. To boost crop yield, the company develops proprietary films and formulations that modify plant surfaces (leaves, stems, fruit and seeds) to improve plants’ resistance to pests and diseases while reducing the need for synthetic pesticides and pesticide applications.
Formulations can be applied with agricultural inputs such as nutrients, fertilizers and other active ingredients, enabling growers to reduce costs and increase crop yields.
FinSMEs
23/01/2019