Tech Company Financing Transactions
Phospholutions Funding Round
On 8/10/2023, Phospholutions secured $10.2 million in funding from Advantage Capital Partners, Ben Franklin Technology Partners and Conti Ventures.
Transaction Overview
Company Name
Announced On
8/10/2023
Transaction Type
Venture Equity
Amount
$10,150,000
Round
Undisclosed
Investors
Proceeds Purpose
The new funding will go towards further commercialization of RhizoSorb in the US row crop market as well as field trials in China, Brazil, and Canada during the 2024 growing season.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
101 Innovation Boulevard Suite 206
State College, PA 16803
USA
State College, PA 16803
USA
Phone
Website
Email Address
Overview
Manufacturer of sustainable fertilizers intended to reduce the environmental impact of phosphorus globally. The company's fertilizers are made of a mixture of common earth minerals that absorb any nutrients from the soil regardless of whether they have synthetic or organic sources, optimizing the use of inputs for growers, better plant health, and lower environmental impact to support future generations, enabling increase fertilizer efficiency and crop yield while reducing depletion and application rates.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Jason Burke
Chief Executive Officer
Hunter Swisher
Chief Operating Officer
Stephan Levitsky
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We do our best to report on funding rounds that are announced publicly. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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