Fungit Biosolutions Overview
Fungit's mission is to improve global food security by extending fruit and vegetable shelf life and improving crop yield, using fungal based micro-organisms as sustainable and effective biocontrol agents. Fungit uses microorganism-based biocontrol agents to protect against extreme weather conditions and prevent fungal diseases. The company applies microbiological genome sequencing and bioinformatic approaches for development of their tailor made, proprietary biocontrol agents.
Cumulative Funding Raised Over Time ($)
$950KDec 2024
$1.5MJul 2022
Latest News
growth-positive
Israel-based Fungit has a mission to feed billions of people around the world
Fungit Biosolutions Ltd., an agritech company, has raised $500,000 to tap into the $2 billion bio-fungicide market and improve the shelf life of fruits and vegetables. The company uses microorganism-based biocontrol agents to protect against extreme weather conditions and prevent fungal diseases, enhancing global food security. Fungit aims to address the growing demand for food due to the increasing global population and the loss of arable land due to climate change. The company is currently advancing its product development program and expects the product to reach the market by the end of 2026.
Investment
growth-positive
Fungit Biosolutions appoints Gal Admati as CEO | CTech
Fungit Biosolutions, a company that develops biological solutions for extending the shelf life of agricultural produce and improving crop yield, has appointed Gal Admati as its new CEO. Admati, a member of Kibbutz Dorot in the western Negev, has previously worked as a project lead at NLT-SPINE, program manager at Eye-Yon Medical, and COO at Nanopass Technologies. He has also served as Head of Venture Creation and Business Development at incubator InNegev, under which Fungit operates as a portfolio company. Fungit is currently in its second year of the incubator program supported by the IIA and InNegev.
Management Changes
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | $1.5M |
| Last funding | $950K |
| Stage | Seed |
| Rounds | 2 |
| Investors | 1 |
Team Members
4
Employees: 1-10
Web & Social Links
| Website | www.fungitbio.com/ |
Locations
Sha'ar HaNegev Regional Council, Israel
Photos & Videos
2 item(s)
Fungit Biosolutions Business
Business models
B2B, B2B2C
Product stage
R&D
Employees
1-10
Sector
Agriculture & Food TechnologiesAg TechGenetics & InputClimate TechFood & Land UseSustainable FarmingTarget Customer
Agriculture & FoodCropsRow CropsVineCore Technology
BiologicalsMicroorganismsTags (5)
fungiagtechclimate-techplant-protectionplant-genomicsGeographic Markets
United StatesIndiaEuropeIsraelFungit Biosolutions Financials
$1.5M
Total funding
Undisclosed
Capital raised
$950K
Last funding
Seed
Funding stage
2
Total rounds
1
Investors
Cumulative Funding Raised Over Time ($)
$950KDec 2024
$1.5MJul 2022
Private Equity Funding
Seed
Dec 2024
$950K
InNegev
Pre-Seed
Jul 2022
$550K
Fungit Biosolutions Lifecycle
Cumulative Funding Raised Over Time
$950KDec 2024
$1.5MJul 2022
All Events
Seed
Dec 2024
$950K
InNegev
Pre-Seed
Jul 2022
$550K
Fungit Biosolutions News
2 articles
growth-positive
Israel-based Fungit has a mission to feed billions of people around the world
Fungit Biosolutions Ltd., an agritech company, has raised $500,000 to tap into the $2 billion bio-fungicide market and improve the shelf life of fruits and vegetables. The company uses microorganism-based biocontrol agents to protect against extreme weather conditions and prevent fungal diseases, enhancing global food security. Fungit aims to address the growing demand for food due to the increasing global population and the loss of arable land due to climate change. The company is currently advancing its product development program and expects the product to reach the market by the end of 2026.
Investment
growth-positive
Fungit Biosolutions appoints Gal Admati as CEO | CTech
Fungit Biosolutions, a company that develops biological solutions for extending the shelf life of agricultural produce and improving crop yield, has appointed Gal Admati as its new CEO. Admati, a member of Kibbutz Dorot in the western Negev, has previously worked as a project lead at NLT-SPINE, program manager at Eye-Yon Medical, and COO at Nanopass Technologies. He has also served as Head of Venture Creation and Business Development at incubator InNegev, under which Fungit operates as a portfolio company. Fungit is currently in its second year of the incubator program supported by the IIA and InNegev.
Management Changes
Fungit Biosolutions Team
Employee Info
| Employees (range) | 1-10 |
| Exact count | 6 |
| Team members | 4 |
Similar Companies
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Fungit Biosolutions Internal
Recent Updates
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Admin Info
| Confidence | 81/100 |
| Missing | sector, markets, not claimed |
| BI Verification | Ortal Wein |
| Registrar ID | 516644788 |
| Phone | 0547918310 |
| Creator | Gal Admati |
| Creator email | gal@innegev.com |
| Last updater | Ortal Wein |
| Updater email | ortalw@sncentral.org |
| Last update | 2024-11-13T00:00:00.000Z |
| Created | 2023-11-27T00:00:00.000Z |
| Claimed | Yes |