CAMBRIDGE, Mass., Oct. 13, 2021 /PRNewswire/ — Invaio Sciences, Inc., a Flagship Pioneering agency unlocking the potential of pure methods to velocity up the transition to sustainable agriculture to urgently tackle local climate change, has entered Proper into a $50 million mortgage and safety settlement with K2 HealthVentures (K2HV), a well beingcare and life sciences-focused funding agency.
The funds Shall be used to velocity up the evaluation, enhancement and commercialization of Invaio’s platforms That are focused on discovering pure lively components, creating distinctive precision shipy methods, and understanding novel modes of movement. Invaio’s pioneering options have the potential To Scale again Using chemical pesticides and fertilizers, protect extra water, and enhance the effectivity of the agricultural meals system for The Benefit of consumers and the planet.
“Invaio’s partnership with K2HV will assist us increase our geographic footprint and velocity up The event of breakby way of platforms focused on creating assembleed-in options in three market segments: perennials, row crops and vegetable crops,” said Ignacio Martinez, co-founder and CEO of Invaio and Widespread Companion at Flagship Pioneering. “Our ambition is To assemble In all probability the most impactful and useful crop well being agency on the planet. The world is altering shortly, and meals manufacturing practices should adapt To maintain tempo with evolving shopper calls for, altering environmental circumstances, and elevated stress on ecological assets.”
“Fortunately, Over the previous 20 years, human illness administration has more and more utilized safer and Simpler precision medicine methods. The agricultural world has not shifted to this paradigm and nonetheless suffers from ineffective pest and illness administration and dangerous penalties to the environment. We think about Invaio’s suite of platform utilized sciences is the precision medicine reply for the agriculture world,” said Parag Shah, founding managing director and CEO of K2 HealthVentures. “This financing Adjust tos our method of partnering with pioneering life science know-how corporations with world class administration that purpose to ship options for essential worldwide challenges.”
Invaio Sciences, Inc., a Flagship Pioneering agency focused on unlocking the potential of pure methods to velocity up the transition to sustainable agriculture to urgently tackle local climate change challenges. Based by Flagship Pioneering in 2018, Invaio leverages discoveries from numerous fields collectively with human therapeutics, agriculture, environmental science, and superior manufacturing. For extra information, please go to www.invaio.com or Adjust to us on Twitter or LinkedIn.
About Flagship Pioneering:
Flagship Pioneering conceives, creates, assets, and develops first-in-class bioplatform corporations To rework human well being and sustainability. Since its launch in 2000, the agency has, by way of its Flagship Labs unit, utilized its distinctive hypothesis-pushed innovation course of to originate and foster Greater than 100 scientific ventures, Ensuing in over $212 billion in combination worth. So far, Flagship has deployed over $2.5 billion in capital in the direction of the founding and progress of its pioneering corporations aprolongedside Greater than $19 billion of Adjust to-on fundings from completely different institutions. The current Flagship ecosystem consists of 42 reworkative corporations, collectively with Axcella Health (NASDAQ: AXLA), Codiak BioSciences (NASDAQ: CDAK) Denali Therapeutics (NASDAQ: DNLI), Evelo Biosciences (NASDAQ: EVLO), Foghorn Therapeutics (NASDAQ: FHTX), Indigo Ag, Kaleido Biosciences (NASDAQ: KLDO), Moderna (NASDAQ: MRNA), Rubius Therapeutics (NASDAQ: RUBY), Sana Bioknow-how (NASDAQ: SANA), Seres Therapeutics (NASDAQ: MCRB), and Sigilon Therapeutics (NASDAQ: SGTX).
About K2 HealthVentures
K2 HealthVentures is An alternate funding agency focused on offering versatile, prolonged-time period financing options to revolutionary particular personal and public corporations Inside the life sciences and well beingcare industries. The funding group consists of collaborative, expert professionals with numerous againgrounds in finance and operations, As properly as to deep area information throughout numerous well beingcare sectors. A distinctively versatile, everlasting capital assembleion permits the agency To current inventive, adaptive financing options and meet the evolving capital wants of its portfolio corporations as they develop. K2HV is pushed by twin goals of Revenue and Objective — purposeing to gasoline The enlargement of revolutionary corporations Which will finally enhance the lives of sufferers and giving a proportion of funding income again to underserved areas in well beingcare. www.k2hv.com
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