Financial Times writer Emiko Terazono reported today that, “A Canadian start-up behind technology that could sharply reduce the amount of plant pesticides as well as enhance the effectiveness of natural and organic crop protection has raised $45m in early stage funding.
“Terramera, which counts Ingka GreenTech, part of the Ikea retail empire, as an investor, uses natural compounds that increase the porousness of a plant cell as well as guiding the active ingredient to the right target. This increases the efficiency of the product, reducing the amount needed to protect crops from disease and pests.”
The FT article added that, “Ospraie Ag Science, the early-stage investment arm of the commodities hedge fund, and food and agritech venture capital firm S2G co-led the capital raise. Other investors are Bold Capital Partners, Energy Innovation and Export Development Canada.”
