A UK AgriTech specialising in the next generation of green insecticides has secured a further round of investment totalling £4 million to scale up the development of its unique nature-inspired pesticides, the first of their kind to be developed worldwide.
Investment in this pre-Series A funding round was led by Yield Lab Europe. Other investors include Rubio Impact Ventures, Scottish Enterprise, Cavallo Ventures, SIS Ventures, UKI2S and several private AgriTech investors. Funding includes grant support from Innovate UK’s Transforming Food Production competition and Scottish Enterprise. This latest round brings the total raised by SOLASTA Bio to £5.5 million.
Based in Glasgow, SOLASTA Bio develops environmentally-friendly Insect Control Agents (ICAs) that meet a global need for new and effective crop protection. These ICAs also preserve the ecosystem by protecting beneficial insects such as bees.
The company has developed the world’s first technology platform for creating neuropeptide-based insect control products that are nature-inspired rather than selected from a synthetic chemistry library.