The crop additive developer has secured $12.3m for product development and commercialisation from a consortium led by Syngenta.

Syngenta Ventures, the corporate venturing arm of agribusiness Syngenta, has led a $12.3m series B round for Asilomar Bio, a US-based developer of chemical additives to improve crop yields

Cavallo Ventures, the venture capital arm of agriculture product distributor Wilbur-Ellis, also took part in the round, as did Fall Line Capital and Cultivian Sandbox.

Asilomar Bio has not disclosed the precise amount raised in the round, but AgFunderNews placed its size at $12.3m and also lists Mission Bay Capital among…