Sound Agriculture, an Emeryville, Calif.-based agtech company, closed a $22m Series C funding.
The round was led by S2G Ventures (Seed 2 Growth), with participation from existing investors Cultivian Sandbox, Fall Line Capital, Cavallo Ventures and Syngenta Ventures. In conjunction with the funding, Sanjeev Krishnan, Managing Director and CIO of S2G Ventures, joined the Board of Directors, along with new independent board member and Chair of the Board, Cheryl Martin, Ph.D., Founder and Principal of Harwich Partners.
The company intends to use the funds to accelerate the development of novel bio-inspired plant traits and chemistries, as well as new business development efforts across food and agriculture.
Led by Adam Litle, CEO, Sound develops innovative crop solutions. Its first commercial product, SOURCE™, was launched last year to unlock nitrogen and phosphorus in the soil, supporting plant and soil health, and on-farm efficiency. By harnessing existing nutrients in the field, Source provides an average corn yield increase of 8-10 bushels per acre without requiring more fertilizer.
FinSMEs
19/05/2020