Aug 24, 2022
Vive Crop Protection to use funding for next-gen ag tech
Vive Crop Protection will leverage the new funding to accelerate the commercial deployment of its next-generation product portfolio into new North American markets while advancing its research and development pipeline.
The USD $26 million Series C investment round was led by Emmertech with participation from the Cibus funds, and existing investors Business Development Bank of Canada (BDC), Export Development Canada (EDC), and Urbana Corporation. Vive has also secured debt financing from Silicon Valley Bank (SVB) to provide both working and growth capital in support of their continued expansion.
Vive will have a second close in the next quarter to accommodate top-tier investor groups still completing diligence, all strategically focused on next-generation agriculture technology.
Vive’s proprietary Allosperse technology is a nanoscale, polymer-based delivery system that improves the targeting and performance of both synthetic and biological active ingredients, enhancing farmers ROI and sustainability profile.
“Since 2018, our products are estimated to have saved farmers 34 million gallons of water, 189,000 gallons of fuel and 15,000 hours of farm labor,” says Darren Anderson, CEO of Vive Crop Protection.
In 2021, Vive launched AZterknot fungicide in the U.S. Registered across a broad spectrum of crops, AZterknot demonstrates Vive’s ability to more effectively deliver both biologicals and synthetic active ingredients in a single jug.