Groundwork
BioAg הודיעה היום על גיוס של 11 מיליון דולר, שהובילה קרן Ibex
Investors, ובו השתתפו גם ProDelta ו-Future
Foodways. המשקיעים הקודמים בחברה, בהם MoreVC, Middleland
Capital, Axess Ventures ו-BPD Agri,
השתתפו גם הם בגיוס. החברה מתכוונת להשתמש בתמורת הגיוס האחרון במטרה להאיץ
ולהרחיב את יצור פלטפורמת פטריית המיקוריזה שלה, ולספק את הדרישה לפתרונות טבעיים
ברי-קיימא המגדילים את התפוקה החקלאית מבלי לפגוע בבריאות הקרקע.
GROUNDWORK
BIOAG RAISES $11 MILLION TO ADVANCE BIOAGRICULTURE GLOBALLY
NEWS
RELEASE BY GROUNDWORK
BIOAG
MAZOR, ISRAEL | May 12, 2021 (News Direct)
Groundwork BioAg announced today it raised $11
million in venture capital financing led by Ibex Investors with the
participation of ProDelta and Future Foodways. Previous investors, including
MoreVC, Middleland Capital, Axess Ventures and BPD Agri, materially
participated in the round. With this new funding, Groundwork BioAg will
accelerate and expand production of its mycorrhizal platform to meet global
demand for natural, sustainable solutions that increase agricultural
productivity while preserving soil health.
Groundwork BioAg, a global bioagriculture
technology company, produces highly effective mycorrhizal inoculants.
Mycorrhizae are a cornerstone of regenerative agriculture best practices. In
addition to increasing yields, these natural products reduce dependency on
phosphorus fertilizer and improve carbon sequestration in soil. Through
distribution partnerships in strategic markets across five continents, the
company is helping farmers improve the efficiency of major crop production,
including corn, soybeans, grains, bio-energy crops, fruits and vegetables, and
cannabis.
“Over the past few years, we have focused
on building production capacity to support millions of hectares and solidify
our global presence in the main agricultural markets. With this investment and
strong sales, we will be able to fulfill our mission to bring mycorrhiza – the
queen of biologicals – to mainstream agriculture and help farmers succeed while
protecting our planet,” said Dr. Yossi Kofman, Co-Founder and CEO of Groundwork
BioAg. “We look forward to working with our investors, strategic partners and
distributors to continue bringing meaningful value to farmers around the
world.”
While naturally occurring in the Earth’s
soil, mycorrhizae and other beneficial microbes have been destroyed by modern
farming practices, including tilling, pasteurization and over fertilization.
Following years of research and product development, Groundwork BioAg is the
first to crack the code on mass production of highly concentrated, cost-effective
mycorrhizal inoculants that improve yield and soil health. The company’s
flagship products include Rootella® for commodity, organic and specialty crops,
and DYNOMYCO® for cannabis.
Following record sales in both the 2019 and
2020 growing seasons, the company is rapidly scaling up production to meet
demand expected in 2022 and beyond. Approximately one million acres (400 Kha)
will benefit from the company’s unique products in 2021.
Disruptive
Technology VC Chooses Groundwork BioAg As First Investment in AgTech
“We are pleased to add Groundwork BioAg to
our portfolio – not only because of its strong infield performance and
continued growth trajectory, but also because its technology provides the most
compelling solution to increase yield while protecting our environment,” said
Gal Gitter, Managing Director of Ibex Investors focused on growth stage investments.
“With its high efficacy and broad applicability, Groundwork BioAg can feasibly
treat over one billion hectares, nearly all of the world’s farmland, with these
beneficial fungi.”
Headquartered in Denver, Colorado with
offices in Tel Aviv and New York, Ibex Investors is a multistrategy investment
firm targeting outsized returns through differentiated global strategies. Ibex
invests internationally in Israel, which has the highest concentration of
start-up companies outside Silicon Valley.
The funding demonstrates Groundwork BioAg’s
strong growth position and enables efforts to expand its platform technology
and accelerate production capacity to meet global demand for regenerative
agriculture products.
About Groundwork BioAg
Groundwork BioAg, a global bioagriculture
company, leverages the natural power of mycorrhizal fungi to improve the
productivity, sustainability and profitability of commercial agriculture and
expand regenerative agriculture practices. Groundwork BioAg is the first to use
innovative techniques to solve challenges inherent in highvolume mycorrhizal
inoculant production. We will not rest until every hectare of arable land is
protected by mycorrhizae and every farmer benefits from higher crop yields
while preserving our soils. For more information, visit http://www.groundworkbioag.com
View source version on NewsDirect.com: https://newsdirect.com/news/groundwork-bioag-raises-11-million-to-advance-bioagriculture-globally-104733057
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