The biggest problem which the world is facing now-a-days is to grow more food. As the farming is 10% of the world’s economy, the globe approaches extending billion or more people. The existing people are having more wealth than they have been before. But where our food comes from and how we raise it becomes more than an academic discussion.
Spending money at technical solutions for multi-billion dollar problems and have increasing been attention their attention to agricultural market.
The studies encompass new equipment for sensing microbial life that surrounds all the things that grow in the dirt.
Biome science is an extremely rousing area for investors to pursue, and one of the first and foremost advantage of this attention is a company in St Louis called New life Symbiotics.
But in real Louis is an emerging hub for all sorts of food and agricultural investment activity.
NewLeaf, just closed on $6million in new money to round out a $30 million round off funding is the only company which is working out on the new technology of agriculture research into the plant biome.
They are going to be multiple winners in this category. It’s such a broad area. – says Sanjeev Krishnan, a manager at S2G ventures, an agricultural food focused fund whose main investor is the Walton family. There are more things living under soil than on the entire planet and there is a lot of possibility to figure out casuality.
NewLeaf discovered bacteria that is found on everything that grows on the sol was EUREKA moment that lead the companies commercialization of technologies that ensures aspects of crop growth and health.
This is attracted S2G ventures and the The Yard, a fund comprised of Harvard alumini that invest in the companies with a connection to the university whose CFO is a Harvard graduate.
The newleaf’s new round comes at a condemnatory time which is tripled the size of research and development facility in St Louis and it is about to bring its first products in the market.
First microbe additive of this company is soybean seeds called rhizobia. The second treatment is for peanuts. These are engineered to produce seeds that are more resistant to disease and adapt to certain environment conditions.
According to chief executive Tom Laurita, the bacteria that are naturally occurring and part of working addition to NewLeaf’s technology is the index of different bacteria and their effects on plants.
The bacteria are cost-free to the plant, because they use biological by-products – he says.
We are at this nexus between the agricultural industry looking for cutting edge innovative, natural sustainable products and the consumer looking for the same thing- Laurita tells me. It’s the first time these two groups have invested in the same company. It’s a harbinger of how investment in agricultural and food might be changing.
Bacteria are protection against a disease or predation in some cases. There might be a disease that an insect could turn into a viral disease in a particular plant, but bacteria could make that microbial disease harmless. –says Tom Laurita. This would be a revolution if continued for a long term basis.