Tech Company Financing Transactions

Ascribe Bioscience Funding Round

Ascribe Bioscience closed a $2.5 million Seed funding round on 11/15/2021. Investors included Acre Venture Partners, The Yield Lab and Ponderosa Ventures.

Transaction Overview

Company Name
Announced On
11/15/2021
Transaction Type
Venture Equity
Amount
$2,500,000
Round
Seed
Investors

Acre Venture Partners (Lead Investor) (Alex Bondar)

The Yield Lab (Lead Investor) (Kyle Welborn)

Ponderosa Ventures

Trailhead Capital

Proceeds Purpose
The investment will enable Ascribe to accelerate commercial development of their lead product Phytalix: an environmentally-friendly, broad spectrum biopesticide based on a naturally-occurring small molecule from the soil microbiome.

Company Information

Company Status
Private & Independent
Industry
AgTech
Mailing Address
526 Campus Rd. Weill Hall 410
Ithaca, NY 14853
USA
Phone
Undisclosed
Email Address
Not Recorded
Overview
Ascribe Bioscience was founded in 2017 based on discoveries at the Boyce Thompson Institute at Cornell University. The core of Ascribe's technology is a proprietary discovery platform that applies tools of metabolomics to the soil microbiome to identify the small molecules that mediate beneficial interactions between soil microbes and crops.
Profile
Ascribe Bioscience LinkedIn Company Profile
Social Media
Ascribe Bioscience Company Twitter Account
Company News
Ascribe Bioscience News
Facebook
Ascribe Bioscience on Facebook
YouTube
Ascribe Bioscience on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Jay Farmer
  Jay Farmer LinkedIn Profile  Jay Farmer Twitter Account  Jay Farmer News  Jay Farmer on Facebook
Chief Operating Officer
Gabriel Wilmoth
  Gabriel Wilmoth LinkedIn Profile  Gabriel Wilmoth Twitter Account  Gabriel Wilmoth News  Gabriel Wilmoth on Facebook
Chief Technical Officer
Murli Manohar
  Murli Manohar LinkedIn Profile  Murli Manohar Twitter Account  Murli Manohar News  Murli Manohar on Facebook


 

 

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We do our best to report on all VC transactions involving tech companies. VC investment data records on this site are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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