Sound Agriculture, a Emeryville, CA-based agtech company, raised $75M in Series D funding.
The round was led by BMO Impact Investment Fund and Chan Zuckerberg Initiative, with participation from FootPrint Coalition, Leaps by Bayer, Syngenta Group Ventures, S2G Ventures, Fall Line Capital, Cavallo Ventures and Northpond Ventures.
The company intends to use the funds to expand its nutrient efficiency and on-demand breeding business lines.
Led by CEO Adam Litle, Sound Agriculture develops nature-based solutions for more sustainable food. The company offers:
- the Nutrient Efficiency business includes its flagship product, SOURCE® that activates the soil microbiome via a biochemistry foliar spray. SOURCE signals to microbes that already exist in the soil to increase nitrogen fixation and phosphorus solubilization, reducing the need for synthetic fertilizer in corn while maintaining or improving yields.
- The On-Demand Breeding business uses epigenetics to breed novel plant traits faster than traditional methods without changing the plant’s DNA.
Since 2020, Sound has signed partnerships with over a dozen leading food and agriculture companies to improve flavor, reduce spoilage, increase yield and enhance nutrition in a variety of crops such as corn, soybeans, wheat, potatoes, yellow peas and tomatoes.
FinSMEs
08/12/2022