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AgroSustain raises CHF 4.8 Million for its European launch

Vaud-based agritech start-up AgroSustain has announced the closing of its Series A financing round, raising CHF 4.8 million.

AgroSustain Fungicide
AgroSustain specializes in biological plant protection, aiming to reduce food waste and support organic food production by developing biological fungicides and coatings.

Ranked in the TOP 100 Swiss Startup Award in 2019 and 2020, AgroSustain is a leader in the development of sustainable crop protection solutions. In a key milestone, the company based at the Agroscope’s Nyon site (in the canton of Vaud) just announced the second and final closing of its Series A round.

The round was led by JD Investments, Privilège Ventures and a new strategic investor, BayWa, also participated in this financing round.

BayWa is a listed company with international operations and a broad-based portfolio in the energy, agriculture and building materials businesses. The company sells products and services across the entire agricultural value chain and has strong market positions in Europe with global reach.

Preparing for a European launch

The whole Series A round amounted to CHF 4.8 Million, including the EU’s EIC accelerator grant. The company will use the proceeds to prepare for the European launch of its natural coating planned for Q1, 2022 and to accelerate the development of novel biological antifungal solutions.

AgroSustain’s unique solutions extend the freshness of fruits, vegetables, and cut flowers by up to one month, reduce the need for plastic packaging, and allow shipments of various crops by sea instead of by air, which is environmentally friendlier while reducing shipping costs at the same time.

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