RALEIGH – Plant Well being Care, an agtech startup growing patent-protected organic merchandise to international agriculture markets, has raised round $3.02 million in fairness, in accordance with a latest SEC submitting.
The Raleigh-based firm confirmed that it acquired the funds from Ospraie Ag Science LLC in a launch.
OAS is the enterprise capital arm of Ospraie Administration, LLC (“Ospraie”), the New York primarily based funding administration agency, which makes a speciality of investing in commodities, agriculture and different fundamental industries on a worldwide foundation.
“We’re delighted to have OAS be a part of our investor group, making funds obtainable to speed up our plans to generate additional development and shareholder worth,” stated Plant Well being Care CEO Chris Richards, in an announcement.
“Their funding will allow PHC to construct upon the expansion and profitability of our industrial enterprise and proceed the momentum of the commercialization of our thrilling PREtec merchandise.”
Plant Well being Care develops applied sciences that shield crops from ailments and environmental stresses, in accordance with its web site.
The tip purpose: to extend crop yield and high quality.
Amongst its core applied sciences is PREtec (Plant Response Elicitor know-how).
“Based mostly on our distinctive understanding of how key amino acid sequences elicit a desired response in goal crops, we’re in a position to design households of peptides (chains of amino acids) that when utilized to crops present elevated development, illness resistance and different advantages for farmers,” it says on its web site.
The startups has designed and filed patent functions for 4 peptide platforms from our analysis; three of those have been named and all 4 have been launched with companions.
Every household of associated peptides is taken into account its personal platform, all lined by in depth patent filings.
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