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Superfruit Industry Disruptor Agrovision Announces Largest Equity Financing to Date
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Saudi-Backed Chinese VC to Raise $1 Billion for Mideast Startups
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In Florida, Anuvia Plant Nutrients today announced it has raised $103 million in Series C funding, co-led by TPG ART and Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech), with additional investment from Generate and Piva Capital.
Those slow-release fertilizers: the backstory.
Granulated fertilizers have been around for quite a number of years. Most of them aim to stabilize the rate of nitrogen release. Scotts, Georgia-Pacific, Agrium and Growth Products are some of the companies that market a range of them. Overall, there’s a 10%+ yield bump, reduced risk of fertilizer burn and less labor cost in re-application. So, they’re popular. But not very sustainable, and companies are looking for sustainable options.
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