In Canada, Terramera®, an emerging cleantech leader with revolutionary technologies to transform how we grow food, announced today it has raised US$45 million in equity funding to advance its Actigate Targeted Performance technology. The Series B round was led by new investor Ospraie Ag Science and previous investor Seed2Growth (“S2G”) Ventures.
Terramera’s Actigate technology significantly improves the performance of active ingredients used in crop protection products, dramatically reducing the amount required. Actigate improves performance of both natural and conventional active ingredients. The result is higher-performing organic biopesticides and less synthetic chemicals in farming. This lowers costs across the system, improves farm productivity and profitability, reduces waste and minimizes environmental impact.
“Terramera has the people, purpose and now the capital in place to transform the industry as a whole and truly impact the world,” said Carl Casale of Ospraie Ag Science. “Terramera’s Actigate platform shifts the paradigm, making biopesticides more effective and competitive. There is also a huge opportunity to create value and reinvent conventional inputs to have greater impact, while reducing cost, waste and effects on the environment.”