BioPrime raises $6 million from Belgium’s Edaphon, others
Biotech startup BioPrime has raised $6 million in a funding round led by Belgium-based Edaphon, with equal participation from existing investors Omnivore and Inflexor.
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This investment marks Edaphon’s first investment in Asia.
The funds will be used to advance research in crop protection, with a focus on co-developing new biofungicides and bioinsecticides.
“We will continue to pursue our strategic priorities of accelerating the development of industry solutions in the biologicals space. We look forward to enhancing the offerings to our existing business-to-business (B2B) customers and entering into strategic co-development and licensing with industry players,” said cofounder and chief executive Renuka Diwan.
Founded in 2016 by Diwan, Amit Shinde and Shekhar Bhosale, the Pune-based company develops biologicals using small trigger molecules that metabolically reprogramme plants to enhance climate resilience, lower carbon footprint, restore soil health and improve yields.
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