Vive Crop Protection, a Toronto, Canada-based provider of a delivery system that improves the targeting and performance of both synthetic and biological active ingredients, raised $26M in Series C funding.
The round was led by Emmertech with participation from the Cibus funds, and existing investors Business Development Bank of Canada (BDC), Export Development Canada (EDC), and Urbana Corporation. Vive has also secured debt financing from Silicon Valley Bank (SVB).
The company intends to use the funds to accelerate the commercial deployment of its product portfolio into new North American markets while advancing its research and development pipeline.
Led by CEO Darren Anderson, Vive Crop leverages proprietary Allosperse technology, which is a nanoscale, polymer-based delivery system to improve the targeting and performance of both synthetic and biological active ingredients, enhancing farmers ROI and sustainability profile.
In the last 18 months, the company has experienced rapid growth which is evident in new product registrations, and increases in customer base, employment roster, and revenue – which has more than doubled from sales of its seven EPA-registered products.
FinSMEs
22/08/2022