AgroSustain, a Swiss AgTech company, developing organic crop protection solutions for the entire food chain, announces the first closing of its Series A financing round led by Giovanelli Fruchtimport AG, a leading Swiss importer of fruits and vegetables. A Second Closing is expected to take place in Q2, 2021. AgroSustain also received an EU’s EIC accelerator grant of EUR 2.4 Million to further develop its pipeline of biological crop protection solutions.
The company will use the proceeds to prepare the European launch of its biological coating that extends the freshness of fruits and vegetables. In addition, it will accelerate the development of novel and highly effective biological antifungal solutions.
“Based on the very promising results from our joint product trials, we are convinced that we have found the right partner in AgroSustain. Its bio-coating will further increase product quality and make a significant contribution to a reduction of food waste. “– says Raphael Weiss, CEO of Giovanelli Fruchtimport AG.
“We are happy to welcome Giovanelli Fruchtimport AG as our strategic partner. By leveraging their experience in the industry, we will be able to integrate AgroSustain’s biological coating into the food supply chain and to provide optimum crop protection” – says Olga Dubey, CEO of AgroSustain.
We enjoyed this opportunity to take a look back at AgroSustain's development and asked CEO Olga Dubey about her entrepreneurial path and visions.