TerViva Raises $20 Million in Series D to Drive Product Development and Market Expansion
Summary
OAKLAND, Calif., March 26, 2019 /PRNewswire/ -- TerViva, an agriculture technology firm commercializing resilient pongamia trees that produce as much as ten times the beans per acre as soy for the supply of plant protein, vegetable oil, and biofuel raised an additional $20 million in its first close of its Series D funding and current commitments. This latest round of investment was led by a diversified agricultural family office, Evans Properties, The Jeremy and Hannelore Grantham Environmental Trust, and a group of Florida agricultural family offices, who join existing investors including the Elemental Excelerator, the Yield Lab, Astia Angels, Allotrope Ventures and Howard Fischer of Gratitude Railroad. "Weve developed a sustainable, market-driven approach for farmers to profit off marginal land by cultivating trees that can feed the planet. He observes that, "TerViva will invest this Series D fundraising support alongside Floridas citrus growers eager to revitalize fallow acreage and scale-up a sustainable, transparent oilseed supply chain. This will unlock numerous applications of the companys intellectual property growing high-performing trees and processing beans in to nutritious food and feed products to meet a broad range of needs.