Terramera, a Vancouver, Canada-based developer of proprietary platforms that stabilize and deliver complex plant biochemicals, raised a funding round of undisclosed amount.
The round was led by Chicago-based Seed 2 Growth Ventures (S2G), with participation from ACA Investments (affiliate of Sumitomo Corporation), Bold Capital Partners, Renewal Funds and Maumee Ventures.
The company intends to use the capital to get products to market and increase R&D efforts.
Led by CEO Karn Manhas, Terramera is an ag-bio cleantech developer of plant-based solutions working as alternatives to conventional chemical pesticides and fertilizers for sustainable food production and bee health.
The company’s consumer line, Proof, includes EPA-registered products that are effective against bed bugs and their eggs. Its agricultural products, under development, aim to increase sustainability and profitability of conventional farms, and can allow farmers to transition to organic.