Biodel, a Maricopa, AZ-based regenerative agriculture company, raised an undisclosed amount in Series A funding.
The round was led by Pangea Ventures. As part of this financing, Janelle Goulard, a partner at Pangaea Ventures, has joined Biodel AG’s board of directors.
The company intends to use the funds to accelerate commercialization of novel solutions aimed at enhancing soil health, optimizing water utilization, improving nutrient efficiency, and sequestering carbon emissions from the atmosphere.
Led by CEO Ben Cloud, Biodel is the developer of biological ingredients for the crop protection industry. Ingredients are suitable for regenerative agriculture and certified organic growers. The company also manufactures Sequester®, a liquid, non-toxic biological soil amendment that is applied to depleted soils to restore soil function. Sequester is a regenerative tool that restores the soil’s ability to capture CO2 from the atmosphere to reverse the effects of climate change.
FinSMEs
13/09/2023