Equinom closes $10 million funding round21 Feb 2020
Seed breeding startup Equinom has closed its Series B round of funding of $10 million, led by BASF Venture Capital, Germany followed by Roquette, France; and Trendlines Group, Israel. Equinom’s current investor, Tel Aviv-based Fortissimo Capital, also participated.
Equinom says its non-GMO technology shapes the future of plant protein by designing smarter seeds via a fast-track, technology-driven breeding methodology that harnesses natural genetic variation in plants.
According to Equinom, it is the first company to design seeds exclusively for the food industry, enabling clients to choose specific varieties for their needs.
Equinom believes that the $10 million investment represents market leaders’ trust in Equinom’s proprietary technology and its capabilities. “This investment round has been highly successful and combines financial investors as well as strategic investors, as well as VCs from multiple regions around the world,” said Gil Shalev, CEO of Equinom. “It will accelerate Equinom’s expansion globally and allow us to build talent and infrastructure to better serve our clients locally. Already, we have enjoyed phenomenal sales growth across four continents in 2019."
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