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     162  0 Kommentare GROUNDWORK BIOAG RAISES $11 MILLION TO ADVANCE BIOAGRICULTURE GLOBALLY

    MAZOR, ISRAEL (ots) - --News Direct--

    - Accelerating Production Capacity to Meet Demand for Regenerative Agriculture
    Products
    - Serving One Million Acres (400 KHa) in 2021

    Groundwork BioAg (http://www.groundworkbioag.com) announced today it raised $11
    million in venture capital financing led by Ibex Investors with the
    participation of ProDelta and Future Foodways. Previous investors, including
    MoreVC, Middleland Capital, Axess Ventures and BPD Agri, materially participated
    in the round. With this new funding, Groundwork BioAg will accelerate and expand
    production of its mycorrhizal platform to meet global demand for natural,
    sustainable solutions that increase agricultural productivity while preserving
    soil health.

    Groundwork BioAg, a global bioagriculture technology company, produces highly
    effective mycorrhizal inoculants. Mycorrhizae are a cornerstone of regenerative
    agriculture best practices. In addition to increasing yields, these natural
    products reduce dependency on phosphorus fertilizer and improve carbon
    sequestration in soil. Through distribution partnerships in strategic markets
    across five continents, the company is helping farmers improve the efficiency of
    major crop production, including corn, soybeans, grains, bio-energy crops,
    fruits and vegetables, and cannabis.

    "Over the past few years, we have focused on building production capacity to
    support millions of hectares and solidify our global presence in the main
    agricultural markets. With this investment and strong sales, we will be able to
    fulfill our mission to bring mycorrhiza - the queen of biologicals - to
    mainstream agriculture and help farmers succeed while protecting our planet,"
    said Dr. Yossi Kofman, Co-Founder and CEO of Groundwork BioAg. "We look forward
    to working with our investors, strategic partners and distributors to continue
    bringing meaningful value to farmers around the world."

    While naturally occurring in the Earth's soil, mycorrhizae and other beneficial
    microbes have been destroyed by modern farming practices, including tilling,
    pasteurization and over fertilization. Following years of research and product
    development, Groundwork BioAg is the first to crack the code on mass production
    of highly concentrated, cost-effective mycorrhizal inoculants that improve yield
    and soil health. The company's flagship products include Rootella® for
    commodity, organic and specialty crops, and DYNOMYCO® for cannabis.

    Following record sales in both the 2019 and 2020 growing seasons, the company is
    rapidly scaling up production to meet demand expected in 2022 and beyond.
    Approximately one million acres (400 Kha) will benefit from the company's unique
    products in 2021.

    Disruptive Technology VC Chooses Groundwork BioAg As First Investment in AgTech

    "We are pleased to add Groundwork BioAg to our portfolio - not only because of
    its strong in-field performance and continued growth trajectory, but also
    because its technology provides the most compelling solution to increase yield
    while protecting our environment," said Gal Gitter, Managing Director of Ibex
    Investors focused on growth stage investments. "With its high efficacy and broad
    applicability, Groundwork BioAg can feasibly treat over one billion hectares,
    nearly all of the world's farmland, with these beneficial fungi."

    Headquartered in Denver, Colorado with offices in Tel Aviv and New York, Ibex
    Investors is a multi-strategy investment firm targeting outsized returns through
    differentiated global strategies. Ibex invests internationally in Israel, which
    has the highest concentration of start-up companies outside Silicon Valley.

    The funding demonstrates Groundwork BioAg's strong growth position and enables
    efforts to expand its platform technology and accelerate production capacity to
    meet global demand for regenerative agriculture products.

    About Groundwork BioAg

    Groundwork BioAg, a global bioagriculture company, leverages the natural power
    of mycorrhizal fungi to improve the productivity, sustainability and
    profitability of commercial agriculture and expand regenerative agriculture
    practices. Groundwork BioAg is the first to use innovative techniques to solve
    challenges inherent in high-volume mycorrhizal inoculant production. We will not
    rest until every hectare of arable land is protected by mycorrhizae and every
    farmer benefits from higher crop yields while preserving our soils. For more
    information, visit http://www.groundworkbioag.com

    Contact Details

    AgTech PR for Groundwork BioAg

    Jennifer Goldston

    +1 816-260-0040

    mailto:jennifer@agtechpr.com

    Company Website

    https://www.groundworkbioag.com

    View source version on newsdirect.com: https://newsdirect.com/news/groundwork-bi
    oag-raises-11-million-to-advance-bioagriculture-globally-104733057

    2021 News Direct Corp.

    Additional content: http://presseportal.de/pm/152041/4914122
    OTS: News Direct


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    GROUNDWORK BIOAG RAISES $11 MILLION TO ADVANCE BIOAGRICULTURE GLOBALLY -News Direct- - Accelerating Production Capacity to Meet Demand for Regenerative Agriculture Products - Serving One Million Acres (400 KHa) in 2021 Groundwork BioAg (http://www.groundworkbioag.com) announced today it raised $11 million in venture …

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