SANTA MONICA, Calif., Oct. 15, 2019 /PRNewswire/ -- Provivi, Inc., an emerging crop protection company, today announced it has completed an $85 million Series C financing. The round was co-led by Pontifax Global Food and Agriculture Fund ("Pontifax Agtech") and a global investment fund. The round also included new investor Tybourne Capital Management. Existing investors Kairos Ventures, Spruce Capital, Lanx Capital, and BASF Venture Capital also participated in the round.
"The Series C financing is a significant milestone in the growth of our company and builds upon an exciting year where we scaled the production of key pheromone active ingredients, continued to demonstrate the efficacy of our products in row crops, and worked closely with farmers to demonstrate the value being created by our pheromones in field trials," said Dr. Pedro Coelho, co-founder and CEO of Provivi. "The extraordinary conditions facing growers all over the world caused by invasive pests renews our sense of urgency to scale our solutions."
Additional coverage: AgFunder