WeedOUT Overview
WeedOUT is the developer of a proprietary product made with natural ingredients for the eradication of resistant weeds. The companys goal is to reduce the need for toxic herbicides and higher herbicide doses. WeedOUTs technology is based on the development of a special weed pollen, applied via artificial pollination, that leads to weed seed abortion, effectively blocking the next generation of viable weed seeds. WeedOUT won the Best Israeli Agtech Company Competition at the AgriVest 2018 conference.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Ag-tech Start-Up WeedOUT Raises USD8.1 Million to Fight Weed Resistance
Ag-tech start-up WeedOUT, Ltd. has raised USD8.1 million in A-round funding led by Fulcrum Global Capital, with participation from Bunge Ventures and Clay Capital. The funding will be used to advance the companys mission to combat weed resistance through its green solution. WeedOUTs solution aims to solve the problem of herbicide-resistant weeds, which pose a significant threat to agriculture and food security. The companys first target is the Palmer amaranth weed, a major nuisance in the United States, Brazil, and Argentina.
Investment
growth-positive
WeedOUT closes $4.2m Series A round;hires ex-Monsanto M&A chief
Israeli bio-herbicide maker WeedOUT has raised $4.22 million in its Series A round, led by Syngenta Ventures. The funding will be used for product development, scaling operations, and regulatory advancements. Fulcrum Global Capital joined the round in the second and final close, providing North American expertise. WeedOUTs platform creates biological herbicides that imitate pollen, targeting resistant weeds and providing a sustainable solution for growers. The startup has also appointed Derek Rapp, managing director at RiverVest Venture Partners, as chairman of its board of directors.
InvestmentPartners
growth-positive
Syngenta leads Series A for bio-herbicide startup WeedOut
Israel-based startup WeedOUT has announced the first close of a Series A funding round led by Syngenta Ventures. WeedOUT is developing a species-specific biological herbicide to tackle weeds that are resistant to chemical herbicides. The companys approach involves harvesting pollen from specific weed species, sterilizing it, and then artificially pollinating weeds in the field. The full Series A round is set to close in March 2020. Other investors in the round include CreditEase Israel Innovation Fund and Zora Ventures. WeedOUT has also received grants from the Israel Innovation Authority and the European Unions Horizon 2020 program.
Investment
Radicle Growth Invests $250k in WeedOUT to Fuel Eco-Friendly Solution to Resistant Weeds
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | $13.48M |
| Last funding | $8.1M |
| Stage | A |
| Rounds | 6 |
| Investors | 7 |
Team Members
2
Employees: 11-50
Web & Social Links
| Website | www.weedout-ibs.com |
Locations
Einstein 13, Ness Ziona, Israel
Photos & Videos
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