Radicle Growth Invests $250k in WeedOUT to Fuel Eco-Friendly Solution to Resistant Weeds
Summary
Weeds continue to develop resistance and no longer respond to existing chemical herbicides,” said Efrat Lidor Nili, Co-CEO and Founder, WeedOUT. “The funding and collaboration with Radicle Growth provides us a huge opportunity to continue our mission to combat this issue that causes more than $40billion in global losses annually. We are honored to have been chosen as the winner of the Radicle Challenge Israel amidst a pool of strong agtech and foodtech innovators from across Israel.” WeedOUT being named the winner of the Radicle Challenge Israel follows the company being chosen as the Best Israeli Agtech Company in the 2018 AgriVest Competition. WeedOUT’s ability to combat this epidemic with a solution that is cost effective, non-toxic and non-invasive to the crop itself makes it transformative,” said Kirk Haney, CEO and Managing Partner of Radicle Growth. Their proprietary platform is one of a kind in the agriculture industry, filling a huge void in the market by identifying the most innovative technologies and accelerating them with a range of value-creation initiatives.