Harpe Bioherbicide Solutions, Inc. Closes New Investment Round, Including ADM | Placera
Summary
Follow-on investments in the oversubscribed round included iSelect Fund Management and Alexandria Investment Ventures as well as company leadership and private agricultural industry investors.The financing provides North Carolina-based Harpe Bioherbicide Solutions the resources to further advance research and development of its portfolio of natural, non-selective herbicide formulations, which use a series of active ingredient compounds found in plant extracts, to reach a commercial-ready phase. "Sustainability is a pillar of ADMs growth strategy and core to our purpose as a company, which is why we are excited to work with Harpe Bioherbicide Solutions to accelerate the introduction of new, nature-based herbicide options," said A.J. "Harpes portfolio of products, which features new sites and modes of action, offer wide-spectrum control of broadleaf and grass seeds or weeds. "Through a series of all-natural herbicide formulations, our products will deliver new opportunities for organic and regenerative agriculture for pre, post and desiccation use patterns," noted Bill Buckner, CEO of Harpe Bioherbicide Solutions.In addition, a series of tailored Harpe premix formulations will improve control of tough-to-kill weeds, including those resistant to current synthetic chemistries, thus facilitating the reduction and replacement of, and rotation with, synthetic herbicides used in row and specialty crop, commercial and consumer markets. The result will support farmers success by overcoming current weed-control challenges and provide new sustainable farming practices to advance our food supply while improving the environment by decreasing the need for synthetic chemistry products.