AgraQuest, Inc., a Davis, CA-based developer of biopesticides and low-chem technologies for sustainable agriculture, has raised $17.7m in funding.
The round was led by Generation Investment Management LLP, with participation from existing shareholder Otter Capital.
The company intends to use the funds to further develop and market environmentally-friendly biopesticides and expand technology in-licensing and acquisition efforts.
Led by CEO Marcus Meadows-Smith, AgraQuest is a biotechnology company that focuses on discovering, manufacturing and marketing pest management products for agricultural, institutional and home markets. The company holds a large portfolio of its own proprietary products, as well as actively in-licenses technology that fits into its low chem portfolio.