Agrivida, Inc., a Medford, Mass.-based innovative technology company focused on animal nutrition, raised $12m in Series D financing.
The round was led by Cultivian Sandbox Ventures with participation from an affiliate of Maschhoff Family Foods, Middleland Capital and Sontag Family Trust as new investors and Kleiner Perkins Caufield & Byers, DAG Ventures, Bright Capital Partners, Gentry Venture Partners, Northgate Capital and PrairieGold Venture Partners.
Led by Dan Meagher, CEO, Agrivida leverages its expertise in protein engineering, molecular biology, plant biotechnology, agronomy, and chemical engineering to develop integrated enzyme solutions for the animal nutrition and health, energy and consumer products industries. The company has entered into research and development agreements with the U.S. Department of Energy (DOE), ARPA–E, the USDA, and other partner companies.
The company intends to use the funds to advance the development and commercialization of its proprietary GraINzyme® feed additive enzymes and INergy™ silage technology platforms.