IHS Chemical Week

Agbiotech firm BioConsortia raises $15 million

12:26 PM MDT | April 8, 2014

BioConsortia (Davis, CA), an agricultural biotechnology company that discovers and develops microbial consortia for crop improvement, has raised $15 million. Khosla Ventures (Menlo Park, CA) and Otter Capital (Palo Alto, CA) participated equally in the round, BioConsortia says. BioConsortia says the fund-raising, its second, along with the recent appointment of Marcus Meadows-Smith as CEO, accelerates the company’s plans to commercialize the use of microbial consortia as seed treatments and soil additives.” BioConsortia uses accelerated microbial selection...

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