Provivi, Inc., an emerging crop protection company, recently announced that it has completed an $85 million Series C round of financing for the continued scaled production of key pheromone active ingredients. The funds will also be used to help demonstrate the efficacy of the company's products in row crops and work closely with farmers to demonstrate their value.
Provivi is developing a collection of economical solutions for crop protection based on pheromones as a foundation for integrated pest management. Pheromones are natural products used by insects of the same species to facilitate mating. The application of pheromones to a field allows for the control of damaging pests while preserving beneficial insects.
Provivi’s patented production methods work to enable a step change in the cost of manufacturing pheromones, allowing use of this approach in large-acreage crops such as corn, rice, and soy.