BotanoCap, a Tel Aviv, Israel-based green biotech company, raised $4.2m in funding.
Backers included the Infinity Group. A Chinese joint venture company established under the umbrella of the Infinity-Harbin fund invested little less than a quarter of the investment was made through
The company intends to use the funds for further business development in China, Europe and the United States, patent applications, maintenance and regulatory affair expenses.
Founded by professors from Ben Gurion University in 2005 and led by CEO Mr. Yigal Gezundhait, BotanoCap develops green solutions intended to replace toxic chemical materials currently used by the agricultural, veterinary and household product industries. The company’s technology creates modified release products based on natural ingredients. Applications include crop protection bio-pesticides, water treatment, natural disinfectants, anti-flea & tick for veterinary formulations and insect repellent, among others.