Switch Bioworks, a biotechnology company developing low-cost and sustainable fertilizers, has announced that it raised US$17 million in Series Seed financing led by Change Forces Capital and joined by Grantham Foundation, Astanor Ventures, Acre Venture Partners, Anthos Capital, Thia Ventures, Emerson Collective, as well as the farmer-led Ag Ventures Alliance and others.
Nitrogen fertilizer is an expensive yet essential crop nutrient, supporting the food supply of half the world's population. Current manufacturing is largely based on fossil fuels and leads to over a gigaton of CO2 equivalent emissions and many damaging environmental consequences such as fertilizer run-off and eutrophication. Switch Bioworks engineers symbiotic, nitrogen-fixing microbes that live on plant roots to replace conventional fertilizer, a solution that is carbon-neutral and lower-cost.
Switch Bioworks, a biotechnology company developing low-cost and sustainable fertilizers, has announced that it raised US$17 million in Series Seed financing led by Change Forces Capital and joined by Grantham Foundation, Astanor Ventures, Acre Venture Partners, Anthos Capital, Thia Ventures, Emerson Collective, as well as the farmer-led Ag Ventures Alliance and others.
Nitrogen fertilizer is an expensive yet essential crop nutrient, supporting the food supply of half the world's population. Current manufacturing is largely based on fossil fuels and leads to over a gigaton of CO2 equivalent emissions and many damaging environmental consequences such as fertilizer run-off and eutrophication. Switch Bioworks engineers symbiotic, nitrogen-fixing microbes that live on plant roots to replace conventional fertilizer, a solution that is carbon-neutral and lower-cost.
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