Terramera Raises $45 million for Tech that Reduces Use of Agri Chemicals

Terramera, a Canadian company selling bio-pesticides and seed treatments to reduce the use of chemicals in agriculture, has raised $45 million in its latest round of financing.

The round was led by strategic investor Ospraie Ag Science and the company’s previous backer, Seed2Growth Ventures.

Led by Carl Casale, a former Monsanto executive, Ospraie Ag Science has backed several manufacturers of bio-pesticides and organic crop management products including Marrone BioInnovations and Agrospheres.

Vancouver-based Terramera first came to prominence with a line of Neem-based pesticides that are sold in retailers across North America (including Target). That product targets bedbugs, mites and other household pests and funguses.

https://techcrunch.com/2019/09/05/terramera-raises-45-million-for-its-technology-to-reduce-the-use-of-chemicals-in-agriculture/