Targeted Growth, Inc., a Seattle, WA-based agricultural bioscience company, has raised just under $5m in new funding.
The company intends to use the funding to continue to build out its portfolio of technologies that increase crop yield.
Founded in 1999 and led by newly appointed Chairman and CEO Bob Woods, Targeted Growth focuses on developing products with enhanced yield and improved quality for the agriculture and energy industries. The company has developed technologies that both increase seed size and yield in commercial food crops and biofuel feedstocks. It has also built an IP portfolio around developing algae as a potential source of intermediate chemicals or as a biofuel feedstock and has strategic partnerships with researchers and agribusinesses around the world.
Bill Kirk and Troy Fukumoto, the Managing Director of Private Equity and Venture Capital within AllianceBernstein’s Alternative Investment Management Group, have joined its board.