CHF 4.8 Million to fuel AgroSustain European Launch
AgroSustain, a Swiss AgTech startup, leader in the development of sustainable crop protection solutions, just announced the successful closing of its Series A financing round, raising CHF 4.8 million and getting one step closer to its European launch planned in the 1st quarter of 2022.
In a key milestone, Swiss plant protection pioneer AgroSustain just announced the second and final closing of its Series A round. The round was led by JD investments – a family office based in Zug, Switzerland. Privilège Ventures a Swiss-based VC firm and a new strategic investor BayWa AG also participated in this financing round. BayWa AG is a listed company with international operations and a broad-based portfolio in the energy, agriculture and building materials businesses. The company sells products and services across the entire agricultural value chain and has strong market positions in Europe with global reach.
Preparing the European launch
The whole Series A round amounted to CHF 4.8 Million, including the EU’s EIC accelerator grant. The company will use the proceeds to prepare for the European launch of its natural coating planned for Q1, 2022 and to accelerate the development of novel biological antifungal solutions that are identified by AgroSustain’s team.
AgroSustain’s unique solutions extend the freshness of fruits, vegetables and cut flowers by up to one month, reduce the need for plastic packaging, and allow shipments of various crops by sea instead of by air, which is environmentally more friendly, while reducing shipping costs at the same time.