FA Bio, a Harpenden, UK-based bio-tech company with a vision to protect natural ecosystems by identifying microbial bio-products, raised £5.3M in funding.
The round was led by Clean Growth Fund and Pymwymic with participation from Ship2B Ventures.
The company intends to use the funds for the commercialisation of its technology, its ongoing research work, and the expansion of its team.
Led by CEO Dr Angela de Manzanos Guinot, FA Bio (previously known as FungiAlert) is involved in the discovery and development of superior microbial bioproducts, including biocontrols, biostimulants and biofertilisers that can replace chemical inputs in agriculture, minimise agriculture’s environmental impact and restore soil health whilst sustainably increasing crop yields. The company has developed an approach to discover and collect microbes through its SporSenZ technology, reducing development times to c.18 months from up to 6 years. Its microbial discovery platform includes microbial candidates for disease control, plant growth promotion and biofertiliseractivities.
Fa Bio is based at the Rothamsted Research Centre in Harpenden, a research facility that focuses on agricultural science.
FinSMEs
09/01/2024