Bright Capital leads the funding for the company that develops biotechnologies for agricultural and industrial processing.

Presidio Ventures, backed by Japan’s Sumitomo industrial conglomerate, and Syngenta Ventures, the corporate venturing unit of US crop company Syngenta, have helped Agrivida, a company that develop biotechnologies for agricultural and industrial processing, raise $15m in Series C round funding.

Agrivida’s crop technology, Intein Trait, produces crops with enzyme expression for the production of biofuels and bioproducts from non-food agricultural residues and dedicated biomass crops.

The Series C round is led by Bright Capital, the venture capital unit of Russia’s…