By Agroempresario.com
Sound Agriculture, an Emeryville, California-based company focused on plant and soil health, announced that it has completed a $25 million Series D funding round, jointly led by BMO Impact Investment Fund and S2G Ventures. These resources will be used to develop new products, expand its presence in international markets and scale its commercial operations.
“The product strategy is to create the most data-driven suite of biologically inspired crop nutrition products,” said Adam Litle, CEO of Sound Agriculture, in statements taken from AgFunderNews.
The company already has two key products: SOURCE, a microbiome activator designed to enhance the uptake of essential nutrients such as nitrogen and phosphorus, and BLUEPRINT, which uses arbuscular mycorrhizal fungi (ANF) to activate additional micronutrients in the soil.
With the new funding, Sound Agriculture will launch a pilot of a complementary product to SOURCE this spring and plans to continue expanding its portfolio with solutions that integrate efficiently with its existing technology.
One of the aspects that sets Sound Agriculture apart is its Efficient Acre Incentive program, designed to reduce the financial risks of producers who choose to replace synthetic fertilizers with SOURCE.
The program offers payments of $5 per acre to replace 25 pounds of nitrogen and 25 pounds of phosphorus, plus reimbursements of up to $100 per acre in the event of yield losses. “No other plan includes incentives for phosphorus,” said Litle.
Sound Agriculture's products are currently present on 2 million acres in the United States, and the company plans to expand into new regions and international markets in the coming years.
Another front of development for Sound Agriculture is its epigenetics platform applied to advanced genetics. Although the company has not yet revealed specific details, Little said that more information will be forthcoming.
With its focus on sustainability and efficiency, Sound Agriculture is establishing itself as a key player in the transition to more responsible and data-driven agriculture.