Andes Raises USD 15 Million in Series A Funding Co-Led by Leaps by Bayer and Cavallo Ventures

15 Sep, 2021

Andes Raises USD 15 Million in Series A Funding Co-Led by Leaps by Bayer and Cavallo Ventures
Photo by Valdemars Magone on Unsplash

– Bayer’s impact investment arm Leaps has co-led a USD 15m Series A investment round in agriculture and biotechnology innovator, Andes.
– Other new investors Builders VC, Germin8, Accelr8 and Wilson Sonsini participated, alongside existing investors KdT Ventures and Endurance.
– Through its novel seed treatment technology, called ‘Microprime’, Andes is reducing the need for synthetic fertilizers.
– The California-based company has developed a process for seamlessly integrating seeds with a unique library of microbes that colonize the seed’s root structure. This kick-starts a process known as biological nitrogen fixation, enabling the crop to draw down nitrogen from the air instead of relying on synthetic nitrogen fertilizers.

Agriculture AgTech Biotechnology GreenTech North America Sustainability
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