- Rapidly growing cleantech company Terramera announced it raised $45 million in equity funding to advance its Actigate Targeted Performance technology
Terramera — a rapidly growing cleantech company with technologies that transform how it grows food — announced it raised $45 million in equity funding to advance its Actigate Targeted Performance technology. The Series B round was led by new investor Ospraie Ag Science and previous investor Seed2Growth (S2G) Ventures.
“We are on the path to reduce global synthetic chemical loads in agriculture by 80% by 2030 with Actigate,” said Terramera founder and CEO Karn Manhas. “We are grateful for the support of Ospraie Ag Science and S2G Ventures, as they will be instrumental to fulfilling our mission of using technology to unlock the intelligence in nature, ensuring an earth that thrives and provides for everyone.”
This round of funding will be used to enable Terramera to scale its technology and transform agriculture while positively impacting the environment and the well-being of people around the world. The company also announced it appointed Jeff Booth as Board Chair and Ospraie Ag Science lead investor and Ag industry veteran Carl Casale to its board of directors.
“Terramera has the people, purpose and now the capital in place to transform the industry as a whole and truly impact the world,” added Carl Casale of Ospraie Ag Science. “Terramera’s Actigate platform shifts the paradigm, making biopesticides more effective and competitive. There is also a huge opportunity to create value and reinvent conventional inputs to have greater impact, while reducing cost, waste, and effects on the environment.”
Terramera’s Actigate technology is significantly improving the performance of active ingredients used in crop protection products and dramatically reduce the amount required. And Actigate improves performance of both natural and conventional active ingredients. The result is higher-performing organic biopesticides and less synthetic chemicals in farming. And this lowers costs across the system, improves farm productivity and profitability, reduces waste and minimizes environmental impact.
“Terramera’s technology fuses AI, science and nature to create game-changing solutions for agriculture and pest control that will better our lives and ensure the sustainable future of our planet,” explained Manhas. “We can’t do it alone. We want to work with others who share our vision to accomplish our 2030 goals and accelerate the impact we can have on our earth.”
