Vestaron, a Kalamazoo, Michigan-based global leader in the development of novel, peptide-based crop protection solutions, closed a funding round of more than $20m.
The company will use the new capital to expand its commercial presence in key US and European markets and advance the development of additional peptide-based crop protection products.
Led by Juan Estupinan, CEO and President, and Jim Collins, Vestaron executive director and chairperson of the board of directors. Vestaron has achieved multiple strategic milestones over the past twelve months, including surpassing 1 million acres of Vestaron products sprayed, entering Europe two years earlier than anticipated through successful emergency use authorizations for the urgently needed control of Tuta absoluta (tomato leafminer), signing ADM as a new Contract Manufacturing Organization (CMO) to enhance production capacity and reduce costs, and securing approval for BASIN™, a second peptide-based bioinsecticide active ingredient, in both the U.S. and Mexico.
In 2025, the company remains focused on continued expansion in North America and Europe while also pursuing additional market opportunities globally. By the end of the year, Vestaron expects to receive full regulatory approvals and begin sales of BASIN—the second active ingredient commercialized in just five years—which will further strengthen the SPEAR® bioinsecticide product portfolio.
FinSMEs
27/03/2025