IBI Ag, a Nes Tziona, Israel-based crop protection company, raised $6.1M in funding.
The round was led by Corteva, with the participation of The Trendlines Group (SGX:42T) (OTCQX:TRNLY), Iron Nation, Consensus Business Group and a grant from the Israel Innovation Authority.
The company intends to use the funds to consolidate its position in the global agricultural sector assisting farmers in producing more food by protecting their crops and the global food chain.
Led by CEO Arnon Heyman, IBI Ag has developed technology that leverages single domain antibodies, to produce highly effective crop protection solutions with a low ecological footprint. This technology, adapted from pharma and modified to fit the agricultural market, provides new modes of action and represents a revolutionary new approach for protecting crops from insects. The products under development target a broad spectrum of insects, both sucking and chewing insects with minimal impact on non-targeted organisms.
FinSMEs
13/02/2025