Tech Company Financing Transactions
WeedOUT Funding Round
WeedOUT secured a $8.1 million Series A venture capital round on 2/20/2024. Backers included Fulcrum Global Capital and Bunge Ventures.
Transaction Overview
Company Name
Announced On
2/20/2024
Transaction Type
Venture Equity
Amount
$8,100,000
Round
Series A
Investors
Fulcrum Global Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to advance its mission to further expand field trials in multiple regions in the U.S., including Georgia and Nebraska, as they move to launch its inaugural product targeting the Palmer amaranth weed (Amaranthus palmeri), a major nuisance in the United States, Brazil, and Argentina.
Company Information
Company Status
Private & Independent
Industry
Life Sciences
Mailing Address
13 Einstein St.
Ness Ziona, Undisclosed
Israel
Ness Ziona, Undisclosed
Israel
Phone
Website
Email Address
Overview
Weed resistance is an urgent problem that is rapidly growing and spreading around the world. Non-diversified weed control programs that recurrently use the same herbicide Mode-of-Action (MOA) actively select for resistant weeds that are no longer responsive to this MOA. WeedOUT brings a totally new strategy into the world of weed control by developing a novel biological herbicide to fight off resistant weeds.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Efrat Nili
Chief Executive Officer
Orly Noivirt-Brik
President
Zeev Weiss
VP - Product Management
Amit Koch
VP - R & D
Ido Shwartz
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Where The Data Comes From
Our team works diligently to document every notable VC transaction. VC investment data records reported here 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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