BioConsortia raises cash for crop microbes

 

BioConsortia, a developer of beneficial microbes for agriculture, has raised $15 million in additional funding from investors including Otter Capital. The Davis, California–based firm is developing microbial products that increase yields by fixing nitrogen or controlling soil pests such as insects, nematodes, and fungi. It says it will put the cash toward enlarging its labs to accommodate a growing microbial-gene-editing team and for upgrading fermentation and formulation capabilities.