Internet Innovations in Agriculture: BioPrime Secures $6 Million for Bio-Fungicides Development
Funding Milestone for BioPrime
Agri-focussed biotech startup BioPrime has successfully raised $6 million in its Series A funding round, led by the Belgium-based impact fund Edaphon, with participation from existing investors Omnivore and Inflexor.
Innovative Solutions for Crop Protection
This capital will enable BioPrime to fuel research in the crop protection segment, specifically focusing on developing a new range of bio-fungicides and bio-insecticides in collaboration with essential industry players.
- Founded in 2016 by Renuka Diwan, Amit Shinde, and Shekhar Bhosale.
- Sells a diverse range of agri-biological products.
- Focus on promoting crop growth and resistance against biotic threats, such as insects and pests, and abiotic stresses like temperature fluctuations.
“We will continue to pursue our strategic priorities of accelerating the development of industry solutions in the biologicals space,” stated BioPrime cofounder and CEO Diwan. The goal is to enhance offerings to existing B2B customers and enter strategic co-development and licensing agreements with industry players.
Commenting on the fundraise, Edaphon managing partner Vincent Vliebergh remarked, “We invested in BioPrime because of its impressive balance between a strong portfolio of commercial products and a high-potential innovation pipeline.”
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