Seed breeding startup Equinom Ltd. has closed a Series B funding round of $10 million, led by BASF Venture Capital, Roquette, and Trendlines Group. Israel-based Equinom’s current investor, Fortissimo Capital, also participated.
Equinom’s non-GMO technology designs smarter seeds via technology-driven breeding methodology that harnesses natural genetic variation in plants. Equinom supports the entire supply chain and collaborates with top-tier food companies to bring its products to customers.
Gil Shalev, CEO of Equinom, said in a statement, “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."
Related: CA Researchers Experiment with African Grain; Israeli Startups Lead the Way in Lab-Grown Meat.
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