Arevo, a Umeå, Sweden-based biotech company, raised €6.6M in funding.
Backers included Industrifonden, Navigare Ventures, Fort Knox, Stora Enso and Kempestiftelserna.
The company intends to use the funds to scale up its operations and its portfolio of 58 patents built on research into organic nitrogen uptake in plants.
Founded by Professor Torgny Näsholm, Arevo is a science-driven biotech company founded on groundbreaking research into plant nutrient uptake by Professor Torgny Näsholm. At the core of the company’s mission is the discovery that the amino acid arginine enhances plants’ natural mechanisms for nutrient and water absorption, while also promoting soil micro-life. This results in plants with expanded root systems, leading to enhanced size, strength and resilience against environmental stresses such as drought. Arevo’s patented precision nutrition products are tailored for forestry, horticulture and agriculture.
FinSMEs
26/03/2024