AgroSustain welcomes new investors and closes its Series A amounting CHF 4.8M for the European launch of its natural coating and the development of biological antifungal solutions.
AgroSustain, a Swiss AgTech company, leader in the development of sustainable crop protection solutions, announces the second and final closing of its Series A financing round. The startup that won the EU 's EIC Accelerator Program at the beginning of March 2021 now welcomes JD Investments, BayWa AG and Privilege SA as the news supporters of AgroSustain.
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 a global reach.
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.
