Phospholutions to grow with series A cash

Jan 27, 2021 • James Mawson

1855 Capital has backed 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 backed by Pennsylvania State University-affiliated fund 1855 Capital.
Agribusiness Continental Grain Company’s corporate venturing unit, CGC Ventures, led the round.
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.
Phospholutions has developed a soil-enhancement product known as RhizoSorb to improve the efficiency of…

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