Anuvia Plant Nutrients, a Zellwood, Fla.-based plant nutrient company, secured an additional $23m in equity funding.
The round was led by TPG Alternative & Renewable Technologies, with participation from AIS-JV, Osceola Capital Management, Pontifax AgTech, Florida Opportunity Fund, and Evans Properties.
The company intends to use the funds to develop a liquid product, expand into international markets as well to build a second plant in Zellwood, Fla. which will further enable growth in the agricultural, professional turf and consumer lawn care markets.
Led by CEO Amy Yoder, Anuvia Plant Nutrients focuses on a new innovative and patented way of manufacturing an enhanced efficiency fertilizer (EEF) for the turf and agricultural industries. The product is based on innovative technology in which organic waste materials are consumed and processed into a homogenous multi-nutrient enhanced efficiency fertilizer.
The company opened its specialty fertilizer production facility in Zellwood, Fla. in April 2016, which is expected to produce 80,000 tons of product annually.