Terramera will use the funding to advance and scale up its Actigate technology and to reduce dependency on synthetic chemicals in agriculture by 80%
Image: Terramera’s fully automated Research Greenhouse with custom high-throughput phenotype imaging system. Photo: Terramera Inc.
Terramera, a Canadian agritech company, has raised $45m (£36m) in Series B funding round led by new investor Ospraie Ag Science and previous investor Seed2Growth (S2G) Ventures.
The funding will enable Terramera to advance its Actigate Targeted Performance technology and scale it up to transform agriculture, while positively impacting the environment.
Actigate technology to enhance the performance of active ingredients used in crop protection products
The Canadian agritech company said that its Actigate technology can improve the performance of both natural and conventional active ingredients, resulting in higher-performing organic biopesticides and less synthetic chemicals in farming.
As a result, the technology lowers costs across the system, improving farm productivity and profitability, while reducing waste and minimising environmental impact.
Terramera founder and CEO Karn Manhas said: “We are on the path to reduce global synthetic chemical loads in agriculture by 80% by 2030 with Actigate.
“We are grateful for the support of Ospraie Ag Science and S2G Ventures, as they will be instrumental to fulfilling our mission of using technology to unlock the intelligence in nature, ensuring an earth that thrives and provides for everyone.”
Ospraie Ag Science’s Carl Casale said: “Terramera has the people, purpose and now the capital in place to transform the industry as a whole and truly impact the world.
“Terramera’s Actigate platform shifts the paradigm, making biopesticides more effective and competitive. There is also a huge opportunity to create value and reinvent conventional inputs to have greater impact, while reducing cost, waste and effects on the environment.”
Manhas continued saying: “Terramera’s technology fuses AI, science and nature to create game-changing solutions for agriculture and pest control that will better our lives and ensure the sustainable future of our planet.
“We can’t do it alone. We want to work with others who share our vision to accomplish our 2030 goals and accelerate the impact we can have on our earth.”