ProJini AgChem Overview
ProJini AgChem is focused on developing a platform technology to develop novel pesticides with new modes of action. ProJini Agchem is developing a solution focused on new type of molecular targets: proteinprotein interactions. The platform leverages a combination of computational and biophysical methods to tackle the challenge of developing inhibitors for those molecular targets.
Cumulative Funding Raised Over Time ($)
$1.8MJan 2020
$2.5MJun 2021
Latest News
growth-positive
14 Israeli startups selected for Microsoft's fourth AI for Good acceleration program | CTech
Microsoft for Startups Israel is launching its fourth cohort and has selected 14 Israeli companies focused on sustainability to participate in its accelerator program. The selected companies will receive benefits worth more than $350,000 and access to Microsoft and Open AIs AI tools. The program aims to support AI-based ventures that promote environmental and social sustainability. The startups will receive mentorship from experts in Israel and abroad, and will also have the opportunity to connect with international companies through partnerships with Start-up Nation Central, ESOP, and Pearl Cohen. Microsofts support will help the companies improve their technology and realize their full potential.
Partners
growth-positive
"The $60 billion crop protection agrochemical industry is not likely to disappear" CTech
Projini Agchem has raised $2.5 million to develop safe ingredients for the crop protection industry. The company aims to replace 15% of synthetic chemicals with biological chemicals through innovation and a revolution in chemistry. Projini has raised funds from investors such as Bayer-Trendlines Fund, Trendlines Group with IIA, Sirius Global, and Migal. The company plans to offer a safe chemical discovery platform to international pesticide giants in the future. The crop protection market is expected to adopt AI-discovered small molecules, which will drive growth for AgChem giants. The market for crop protection is currently valued at $60 billion and is projected to reach $150 billion by 2050. Projinis main customers are AgChem giants like Bayer, BASF, and Syngenta. The company expects to secure licensing deals for AI-driven compounds in 2025. The main competitors in the sector include ENKO, a company founded by ex-Monsanto founders.
Investment
growth-positive
Bayer Trendlines Ag Innovation Fund Co-invests With Trendlines in ProJini Agchem
Bayer CropScience LP and The Trendlines Group Ltd. have established ProJini Agchem Ltd., a new company focused on developing a platform technology to develop novel pesticides with new modes of action. The current solutions in the pesticide market are insufficient due to increased resistance and regulatory pressure. ProJini Agchem is developing a solution based on protein-protein interactions, which is challenging to develop using conventional approaches. The company has received an exclusive license to use a platform developed by scientists at the Migal Galilee Research Institute Ltd. The establishment of ProJini Agchem is a result of the collaboration between Bayer and Trendlines through the Bayer Trendlines Ag Innovation Fund. The Fund was established in 2016 and includes a $10 million investment from Bayer.
InvestmentPartners
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | $2.5M |
| Last funding | $750K |
| Stage | Seed |
| Rounds | 2 |
| Investors | 4 |
Team Members
4
Employees: 1-10
Web & Social Links
| Website | www.projini.com |
Locations
Tel Hai, Israel
Photos & Videos
No files yet
ProJini AgChem Business
Business models
B2B
Product stage
R&D
Employees
1-10
Sector
Climate TechClean Industry Tech Sustainable Materials & CircularityFood & Land UseSustainable FarmingAgriculture & Food TechnologiesAg TechFarm Equipment & TreatmentTarget Customer
Agriculture & FoodCropsCore Technology
Artificial IntelligenceMachine LearningBiologicalsMoleculesTags (6)
cropsclimate-techplant-protectionagtechbiotechnologypesticidesGeographic Markets
GlobalProJini AgChem Financials
$2.5M
Total funding
Undisclosed
Capital raised
$750K
Last funding
Seed
Funding stage
2
Total rounds
4
Investors
Cumulative Funding Raised Over Time ($)
$1.8MJan 2020
$2.5MJun 2021
Private Equity Funding
Seed
Jun 2021
$750K
SIRIUS GLOBAL VC, Migal
Undisclosed Round
Jan 2020
$1.75M
Bayer Crop Science, The Trendlines Group
ProJini AgChem Lifecycle
Cumulative Funding Raised Over Time
$1.8MJan 2020
$2.5MJun 2021
All Events
Seed
Jun 2021
$750K
SIRIUS GLOBAL VC, Migal
Undisclosed Round
Jan 2020
$1.75M
Bayer Crop Science, The Trendlines Group
ProJini AgChem News
3 articles
growth-positive
14 Israeli startups selected for Microsoft's fourth AI for Good acceleration program | CTech
Microsoft for Startups Israel is launching its fourth cohort and has selected 14 Israeli companies focused on sustainability to participate in its accelerator program. The selected companies will receive benefits worth more than $350,000 and access to Microsoft and Open AIs AI tools. The program aims to support AI-based ventures that promote environmental and social sustainability. The startups will receive mentorship from experts in Israel and abroad, and will also have the opportunity to connect with international companies through partnerships with Start-up Nation Central, ESOP, and Pearl Cohen. Microsofts support will help the companies improve their technology and realize their full potential.
Partners
growth-positive
"The $60 billion crop protection agrochemical industry is not likely to disappear" CTech
Projini Agchem has raised $2.5 million to develop safe ingredients for the crop protection industry. The company aims to replace 15% of synthetic chemicals with biological chemicals through innovation and a revolution in chemistry. Projini has raised funds from investors such as Bayer-Trendlines Fund, Trendlines Group with IIA, Sirius Global, and Migal. The company plans to offer a safe chemical discovery platform to international pesticide giants in the future. The crop protection market is expected to adopt AI-discovered small molecules, which will drive growth for AgChem giants. The market for crop protection is currently valued at $60 billion and is projected to reach $150 billion by 2050. Projinis main customers are AgChem giants like Bayer, BASF, and Syngenta. The company expects to secure licensing deals for AI-driven compounds in 2025. The main competitors in the sector include ENKO, a company founded by ex-Monsanto founders.
Investment
growth-positive
Bayer Trendlines Ag Innovation Fund Co-invests With Trendlines in ProJini Agchem
Bayer CropScience LP and The Trendlines Group Ltd. have established ProJini Agchem Ltd., a new company focused on developing a platform technology to develop novel pesticides with new modes of action. The current solutions in the pesticide market are insufficient due to increased resistance and regulatory pressure. ProJini Agchem is developing a solution based on protein-protein interactions, which is challenging to develop using conventional approaches. The company has received an exclusive license to use a platform developed by scientists at the Migal Galilee Research Institute Ltd. The establishment of ProJini Agchem is a result of the collaboration between Bayer and Trendlines through the Bayer Trendlines Ag Innovation Fund. The Fund was established in 2016 and includes a $10 million investment from Bayer.
InvestmentPartners
ProJini AgChem Team
Employee Info
| Employees (range) | 1-10 |
| Exact count | 6 |
| Team members | 4 |
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ProJini AgChem Internal
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Admin Info
| Confidence | 89/100 |
| Missing | video or image, markets, not claimed |
| BI Verification | Maor Perlov |
| Registrar ID | 516112570 |
| Crunchbase | projini-agchem |
| Creator | Hilla Gorokhovsky |
| Creator email | hilla.gorokhovsky@sncentral.org |
| Last updater | Ortal Wein |
| Updater email | ortalw@sncentral.org |
| Last update | 2023-05-11T00:00:00.000Z |
| Created | 2020-01-09T00:00:00.000Z |