Basf Venture Capital And Orbia Ventures Invest In Israeli Biotech Company Fortephest
02/10/22, 1:00 PM
BASF Venture Capital GmbH (BVC) and Orbia Ventures today announce their Series-B investment in the Israeli biotech startup FortePhest. Founded in 2017, FortePhest is developing a new technology to combat herbicide-resistant weeds and invasive plants. Inspired and informed by natural plant processes, the company supports crop protection on a global scale by implementing this technology. BASF Venture Capital and Orbia Ventures are joined by Sherpa InnoVentures, SIBF II and other investors for this funding round
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Founded in 2017, FortePhest is a biotechnology company focused on crop protection. The Company is developing innovative products to control both regular weeds and weeds which are resistant to herbicides. This is done by exploring novel Mechanisms of Action (MOA) discovered in plants. Inspired by natural plant protectors, our technology is intended to provide potent, environmentally friendly, and sustainable solutions to improve crop productivity. To learn more, please visit www.fortephest.com