Anuvia Plant Nutrients has announced it has raised $103 million in Series C funding, co-led by TPG ART and Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech), with additional investment from Generate and Piva Capital.
Anuvia will use the financing to increase the production capacity and expand commercialization of its innovative nutrient delivery technology, as commercial agriculture continues its transformation into more sustainable and profitable practices. Anuvia’s SymTRX is already in commercial use on U.S. farms, with use expected to increase to reach 20 million acres by 2025.
The announcement comes just months after Anuvia announced a commercial agreement with The Mosaic Company to exclusively license its SymTRX10S product in the U.S. to be sold as Susterra by Mosaic, further accelerating Anuvia’s growth and availability.
As consumers and mainstream retailers are increasingly demanding sustainability across the supply chain, Anuvia’s technology is helping farms be more competitive in the changing landscape.
“By achieving meaningful and immediate reductions in greenhouse gases in crop production, Anuvia is helping to bring Scope 3 sustainability targets into focus,” says Anuvia CEO Amy Yoder. “The immediate ROI for farmers is driving fast adoption of our technology, accelerating the benefits to the entire food value chain.”
