Harpe Bioherbicide Solutions, Inc., a Research Triangle Park, N.C.-based pre-commercial stage agricultural technology company focused on providing natural and sustainable herbicide solutions, closed more than $3m in financing.
The round was led by Alexandria Venture Investments and iSelect Fund Management, with a follow-on investment from AgriTech Capital and support from agricultural industry angel investors.
The company intends to use the funds to further advance research and development and strengthen its intellectual property portfolio that is established on a series of plant-based herbicidal active compounds.
Led by Chief Executive Officer Bill Buckner, Harpe Bioherbicide Solutions is an ag tech company focused on providing natural and sustainable herbicide solutions to expand and provide new opportunities for organic agriculture while reducing, replacing, and synergizing with synthetic chemical use in row and specialty crop, commercial and consumer markets.
In conjunction, the company added former U.S. Ambassador Kip E. Tom to its Board of Directors, which includes Bill Buckner, Dr. Chad Brommer, Daniel Pepitone and Aidan Connolly as Chairman.
Ambassador Kip E. Tom served as the United States Ambassador to the United Nations Agencies for Food and Agriculture (2019-2021) focused on food security, policy and trade globally. Currently, he is the Managing Member of Tom Farms LLC and President, CereServ Incorporated and Founder-Managing Member of GlobalAG LLC. In addition to being active in Agri-Business operations in Indiana for the past 46 years, Ambassador Tom has also served as a crop production consultant to various companies in Argentina, Brazil and Chile.
As part of the financing, Dr. Blake Stevens, Vice President of Science & Technology at Alexandria Real Estate Equities, Inc. and Alexandria Venture Investments and Head of Alexandria LaunchLabs – AgTech, along with Craig Herron, Managing Principal of iSelect Fund will join the Board of Directors as Observers.
FinSMEs
09/02/2022