![]() ![]() “If you try and do without pesticides, your yield drops and you don’t produce enough food. “The challenge is obviously, ‘What’s the alternative?’” Kieran Mahanty, director at Blue Horizon Ventures, tells AFN. Biologics with ‘none of the trade-offs’Īccording to AgBiome, the market for biological crop protection products will grow 14-fold by 2030.Īt the same time, the environmental hazards of their chemical crop counterparts are well documented and nowadays, consumers and lawmakers alike are demanding change. The company plans to expand its product roster to include insecticides and herbicides, and is aiming to have 11 products on the market by 2025. The company’s first product, Howler, is a fungicide that works on soil-borne and foliar diseases such as Botrytis, Phytophthora, and various mildews.ĪgBiome will launch a second product, Theia Fungicide, in early 2022 and has submitted a third, Esendo Fungicide, for registration with the US Environmental Protection Agency. The company’s tech platform, Genesis, captures and screens microbes found in the natural world to identify apt candidates for pest control and crop protection. The Raleigh, North Carolina-based startup already has agreements in place with South Korea’s Farm Hannong, Brazil’s Tropical Melhoramento & Genética, and a Mexican subsidiary of Japan’s Sumitomo Corp, in addition to research collaborations with BASF, the Bill & Melinda Gates Foundation, and the Max Planck Institute for Plant Breeding Research, among others.įounded in 2012, AgBiome has built a business on providing farmers with biological-based crop protection products - that is, products derived from the natural world rather than from synthetic chemicals. US-based crop protection products company AgBiome has raised $116 million in a Series D funding round co-led by Blue Horizon Ventures and Novalis LifeSciences.Īdditional participants included new and incumbent investors such as Bayer, Fidelity, UTIMCO, The Mosaic Company, Polaris Partners, ARCH Venture Partners, and Pontifax AgTech, among others.ĪgBiome said in a statement that it will use the new funds to expand its product portfolio, scale its scientific and commercial teams, and build more partnerships with global ag companies. Regcheq SpA, a Chilean company providing software processes allowing its clients to ensure compliance, has acquired UBCubo, a Mexican legal tech company that provides IT solutions. ![]() Chile’s Regcheq acquires Mexican compliance solutions provider UBCubo Chile’s Regcheq acquires Mexican compliance solutions provider UBCubo.Ecuador’s Pérez Bustamante & Ponce welcomes new partner in Guayaquil Ecuador’s Pérez Bustamante & Ponce welcomes new partner in GuayaquilĮcuadorian law firm Pérez Bustamante & Ponce has announced the incorporation of Pedro M.Chile’s Guerrero Olivos strengthens mining practice with new partner Chile’s Guerrero Olivos strengthens mining practice with new partnerĬhilean law firm Guerrero Olivos has strengthened its mining practice with the incorporation of María Paz Pulgar as a partner.Chile’s Santo Tomás educational group lands IFC financing Chile’s Santo Tomás educational group lands IFC financingĬhile’s Santo Tomás educational group, a private company consisting of the Santo Tomás University, the Santo Tomás Professional Institute and the Santo Tomás Technical Training Cen. ![]()
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