CGC Ventures led a $10.3m round for the fertiliser assistance product developer that included Maumee Ventures and Tekfen Ventures.
US-based sustainable fertiliser developer Phospholutions has raised $10.3m in a series A round led by agribusiness Continental Grain Company’s corporate venturing unit, CGC Ventures.
Maumee Ventures and Tekfen Ventures also took part in the round, on behalf of agribusiness The Andersons and conglomerate Tekfen respectively, along with venture capital firm Ag Ventures Alliance Cooperative and Penn State University-affiliated fund 1855 Capital.
Phospholutions has developed a soil-enhancement product known as RhizoSorb to improve the efficiency of fertilisers. It will use the A funding…
