Oh, Vive, eh? They’re oot and aboot.
Excuse our Canadian stereotyping. We’re just excited for Vive Crop Protection, a Canadian company that just closed on $26M in a Series C investment round.
ReVIVEing crop protection: Not to brag, but Vive has developed crop protection products that are more targeted than typical delivery mechanisms. That’s because they use nanoscale, polymer-based technology to increase crop yields and reduce environmental impact.
Since 2018, they’ve saved farmers:
- 34M gallons of water
- 189,000 gallons of fuel
- 15,000 hours of farm labor (labour for our Canadian friends)
Actually, Shania, this does impress me much…
Vive has a lot to be proud of, like:
- Their seven crop protection products have been used on more than 2M acres.
- In 2021, they released AZterknot – a fungicide in the U.S. – and it’s been used on 500,000 acres already this year.
- In the last 18 months, they’ve had new product registrations, increases in customer base and revenue (like, doubling its sales of the seven products they have).
Where’s the money headed: Vive will leverage the dollars to accelerate commercial deployment into North American markets while advancing its research and development pipeline.