Novo Holdings participates in USD 17 million Series A investment in BioPhero for development of sustainable insect pheromones

Novo Seeds, the early stage investment and company creation team of Novo Holdings, today announced its renewed commitment to innovative start-up BioPhero, a pioneer in the production of pheromones, through its participation in a USD 17 million Series A financing alongside a strong syndicate of existing and new investors.

BioPhero’s mission is to replace many chemical insecticides with sustainable biological insect pheromones. The Company was founded on the belief that pheromones can have a very large and positive environmental impact on agriculture and has successfully demonstrated that it can produce pheromones using microbial fermentation at tonne-scale and is now ready to start production of its first product and to make it available to customers and development partners worldwide. This market size has the potential to exceed $3 billion.

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By Optimum

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