Seed breeding startup raises $10 million to accelerate growth
Equinom, a seed breeding startup, has closed its Series B round of funding of $10 million, led by BASF Venture Capital, Roquette, and Trendlines Group.
Equinom, a seed breeding startup, has closed its Series B round of funding of $10 million, led by BASF Venture Capital, Roquette, and Trendlines Group. Equinom’s current investor, Tel Aviv-based Fortissimo Capital, also participated. Equinom’s advanced sensory technologies with high-throughput protein analysis systems enable it to identify and leverage the natural genetic variation in plants to produce non-GMO seeds with higher yields and better nutritional profiles.
Founded eight years ago by CEO Gil Shalev, Equinom plans to launch its high-protein pea variety in 2021. “Equinom will continue working with plant-based food ingredients and food companies to help create tasty, ‘cleaner’ plant-based applications. We already have clients producing products with our smart grains, which provide higher quality, improved nutritional values, and lower production costs,” said Shalev.
The company plans to use the recent investment round to expand globally, hire more employees, and build its infrastructure.
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