Agrivida, Inc., a Medford, Mass.-based animal nutrition company, completed a $23m Series D financing.
The round was led by Cultivian Sandbox Ventures with participation from an affiliate of Maschhoff Family Foods, ARCH Venture Partners, Middleland Capital and existing investors Kleiner Perkins Caufield & Byers, DAG Ventures, Bright Capital Partners, Gentry Venture Partners, Northgate Capital, Prairie Gold and private investors.
Led by Dan Meagher, CEO, Agrivida develops integrated enzyme solutions for the animal nutrition and health, energy and consumer products industries. The company, which has entered into research and development agreements with the U.S. Department of Energy (DOE), ARPA–E, the USDA, and other partner companies, is developing sustainable crops and processes.
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. It will further expand its capabilities, expertise and leadership team; advance its regulatory and product development; and focus on developing strategic commercial partnerships based on its proprietary GraINzyme® and INergyTM technology platforms.