Canadian agrochem raises $45 million for technology to reduce the use of chemicals in agriculture

| September 6, 2019

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Terramera, a Canadian company selling bio-pesticides and seed treatments to reduce the use of chemicals in agriculture, has raised $45 million in its latest round of financing. The round was led by strategic investor Ospraie Ag Science and the company’s previous backer, Seed2Growth Ventures. Led by Carl Casale, a former Monsanto executive, Ospraie Ag Science has backed several manufacturers of bio-pesticides and organic crop management products including Marrone BioInnovations and Agrospheres. Vancouver-based Terramera first came to prominence with a line of Neem (Azadirachta indica)-based pesticides that are sold in retailers across North America (including Target). That product targets bedbugs, mites, and other household pests and funguses. The company’s latest product is Actigate, and capital from its latest round will be used to boost research and development and sales and marketing, according to a statement.

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Ercros

Ercros is an industrial group with a centuries-old tradition and diversified into three areas of activity: the Chlorine Derivatives Division, the Intermediate Chemistry Division and the Pharmacy Division. It maintains a leading position in the main markets in which it is present and exports almost half of its sales to more than 128 countries, mainly in the EU. The company carries out its productive activity within the framework of a voluntary commitment it has assumed in favor of the safety of its facilities and the health of people, respect for the environment, the quality of its products and dialogue and transparency in relationship with society.

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Spotlight

Ercros

Ercros is an industrial group with a centuries-old tradition and diversified into three areas of activity: the Chlorine Derivatives Division, the Intermediate Chemistry Division and the Pharmacy Division. It maintains a leading position in the main markets in which it is present and exports almost half of its sales to more than 128 countries, mainly in the EU. The company carries out its productive activity within the framework of a voluntary commitment it has assumed in favor of the safety of its facilities and the health of people, respect for the environment, the quality of its products and dialogue and transparency in relationship with society.

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