Vestaron, a leader in peptide-based biological crop protection, announced the addition of $10M to its Series C fundraising, adding Grosvenor Food & AgTech as an additional investor, and bringing the total raise to $92M. Grosvenor Food & AgTech joins Ordway Selections, Cavallo Ventures, Argonautic Ventures, Fortistar, Endeavor8, Novo Holdings, Northpond Ventures, CGC Ventures, iSelect and Syngenta Ventures in this round.
Headquartered in Research Triangle Park, NC, Vestaron is proving false the narrative that efficacy is sacrificed for the safety benefits of biological insecticides. The company has developed highly effective peptide-based biological insecticides, priced at parity with leading chemical pesticides, and designed to be soft on honeybees as well as other pollinators and beneficial insects, and also safe for fish and mammals. The SPEAR® brand family of products provides a novel and unique mode of action in a biological solution as effective as synthetic options, creating the opportunity to incorporate the new IRAC Group 32 into rotation recommendations for resistance management.
Read more on the Vestaron website.