AgroSustain Closed Its Series A Funding Round and Received €2.4M EIC Grant
Swiss AgTech, AgroSustain, had the first closing of its Series A funding and received €2.4M EIC accelerator grant to develop its biological crop solutions.
AgroSustain, which develops organic crop protection solutions, announced the first closing of its Series A financing round. Giovanelli Fruchtimport AG, a leading Swiss importer of fruits and vegetables, spearheaded this funding. Meanwhile, a Second Closing is expected to take place in Q2, 2021.
The Swiss company also received an EU’s EIC accelerator grant of €2.4M. AgroSustain will use this for the European launch of its biological coating, which extends the freshness of fruits and vegetables. Additionally, it will accelerate the development of novel and highly effective biological antifungal solutions.
Giovanelli Fruchtimport AG CEO, Raphael Weiss, says they found the right partner in AgroSustain. “Its bio-coating will further increase product quality and make a significant contribution to a reduction in food waste.“
AgroSustain CEO, Olga Dubey, states their team is happy about their partnership with Giovanelli Fruchtimport AG. “By leveraging their experience in the industry, we will be able to integrate AgroSustain’s biological coating into the food supply chain and to provide optimum crop protection.”
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