KUALA LUMPUR, July 31 (Bernama) -- AgroSavfe NV, a Belgium-based company developing a new generation of safe and effective bio-controls has announced the closing of a Series C financing round.
All existing investors participated in this 35 million Euro Series C financing round, joined by a new investor, Ackermans & van Haaren, investing 10 million Euro. (1 Euro=RM4.60)
Local and international investors include Gimv, Sofinnova Partners, PMV, Agri Investment Fund, K&E, Biovest, Madeli Participaties, Vlaams Instituut voor Biotechnologie (VIB) and Qbic.
The funds will be primarily used for the development, registration and commercial scale production of AgroSavfe’s bio-fungicide and bio-insecticide products, as well as to strengthen the company’s organisation.
The first bio-fungicide is scheduled to be launched in 2022 in the fruit and vegetables market in the United States, immediately followed in Europe and other regions.
In addition, the funds will support the accelerated development of the innovative pipeline with applications in critical food and crop pests and diseases.
AgroSavfe’s solutions benefit the environment while adding more value to the farmers’ produce and meeting consumer demand for healthier food.
Beyond the field, AgroSavfe’s product candidates also demonstrated strong impact on food protection and quality along the value chain, providing new solutions to reduce food loss.
-- BERNAMA
No comments:
Post a Comment