Equinom Raises $10M For Non-GMO Seed Breeding Technology [Forbes]
BASF SE S/ADR (BASFY)
NASDAQ:AMEX Investor Relations:
basf.com/en/company/investor-relations.html
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Source: Forbes
Equinom, an Israeli startup, raised $10 million in a Series B round of funding from BASF , Roquette, Trendlines Group and Fortissimo Capital. The company focuses on non-GMO seed breeding technology to make "smarter seeds." Founded in 2012, Equinom focuses on non-GMO seed varieties that have super traits, such as better nutritional profiles. "Equinom’s breeding program designs super-trait seeds on demand. The system determines the varieties and breeding generations needed to obtain the plant seeds defined by food companies. Equinom then breeds the plants naturally and conducts global growing trials to confirm seed viability in multiple cultivation locations," The company works with the natural genetic variation among plants to create seeds that are more nutritious and that have higher oil and protein content. Equinom shares that it is already a preferred supplier of sesame seeds. "We also plan to launch our high-protein pea variety in 2021. Equinom will continue working with plant-base
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