Leaps by Bayer Leads USD 45 Million Financing in Sound – CSRwire.com

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Revealed 08-19-21

Submitted by Bayer

Leverkusen, Germany and Emeryville, CA, August 19, 2021 /CSRwire/ – Sound Agriculture, An group That is tackling sustainability by way of gsphericalbreaking developments in each meals and agriculture, introduced right now that it has secured a USD 45 million funding led by Leaps by Bayer, the influence funding arm of Bayer. Northpond Ventures, A quantity one science and know-how-pushed enterprise capital agency furtherly participated Inside the spherical, Collectively with current buyers Cavallo Ventures, Fall Line Capital, S2G Ventures, and Syngenta Group Ventures.

Sound is advancing two novel know-how platforms that leverage plant and soil biology to radically enhance meals manufacturing. The primary is Sound’s on-demand breeding platform That currents a paradigm shift in breeding by accelerating plant trait enhancement ten occasions faster than current utilized sciences with out Using geinternetically modified organisms (GMOs). The second is a nutrient effectivity platform poised To commerce 30% Of worldwide nitrogen fertilizer use—the equal of eradicating 200 million automobiles from the road, with patented know-how That permits crops to entry extra dietary vitamins from The prevailing microbiome.

The financing Shall be used to scale each platforms So as To deal with essential factors Inside the meals and agriculture enterprise, which is Responsible for 25% of greenhouse gasoline emissions, and contrihoweveres to declining water extreme quality and soil well being. With the potential for worldwide current shocks As a Outcome of of local climate change and quickly altering shopper preferences, The want for a extra adaptable and resilient meals system has by no implys been extra evident.

“We’re focused on progressing breakby way of options That are gsphericaled in biotech science To current prolonged-time period options to right now’s meals manufacturing challenges,” said Jürgen Eckexhaustingt, Head of Leaps by Bayer. “Sound Agriculture is A exact pioneer Inside the enterprise, conveying not one, however two by no implys earlier than seen platform utilized sciences to market Which have super potential to innovate and advance sustainability in our meals system.”

On-Demand Breeding is the first breeding know-how that makes use of epigeinternetics to allow pure plant completely differentiation extra quickly and economically than An alternate selection. By concentrating on enhancements in type, vitamin, sustainability, and look, on-demand breeding permits a extra agile meals system. Using this strategy in agriculture permits for extra biodiversity with a lowered want for chemical inputs, a greater and extra reliable current of nutritious And pretty priced meals, and entry to bespoke merchandise for consumers to encourage extra consumption of Vegatables and fruits. Wright hereas right now it typically takes 7 to 10 years to convey new crops to market, Sound’s know-how can reduce that timeline in half.

The agency’s first product, Supply™, which purchased out in 2020 and 2021, is a bio-impressed various to synthetic fertilizer for corn and soybeans, with extra crops presently being trialed. By activating The prevailing soil microbiome, Supply currents crops entry to extra nitrogen and phosphorus, developing corn yields A imply Of seven.5 bushels per acre and giving developers a reliable Choice to Scale again nitrogen fertilizer software by As a lot as 50 lbs per acre. Wright hereas tright here are an developing Number of microbial options being launched, Supply is The one reply that stimulates the microbes already Inside the soil. The information collected from trials and utilization is offering insights that permit for precision software based mostly on soil type by way of a system referred to as the Efficiency Optimizer, offering a sustainable environmental reply As properly as to a stronger return on funding for developers.

“Northpond is dedicated to advancing environmental sciences and sustainability,” said Andrew Lee, Ph.D., Senior Affiliate at Northpond Ventures. “Sound Agriculture’s on-demand breeding and distinctive twin-know-how platform recurrent an extensible strategy To assemble a extra sustainable, extra healthful meals system.”

“The againing of Leaps by Bayer and Northpond Ventures, Aprolongedside with our current itemizing of buyers, further validates the exhausting work And inventive strategy of our group to rethink The biggest method we develop meals and align it with the outcomes that our plainternet wants,” said Adam Litle, CEO of Sound Agriculture. “Given the velocity of local climate change, it’s essential To Search out reliable options like ours Which have The power to scale shortly.”

About Bayer and Leaps by Bayer

Bayer is A worldwide enterprise with core competencies Inside the life science fields of well being care and vitamin. Its Providers are designed To assist people and plainternet thrive by supporting efforts to grasp The primary challenges launched by a rising and developing older worldwide inhabitants. Bayer is dedicated to drive sustainable enhancement and generate a assembleive influence with its companies. On The identical time, the Group goals To enhance its incomes power and create worth by way of innovation and progress. The Bayer mannequin stands for notion, reauthorized obligation and extreme quality all by way of the world. In fiscal 2020, the Group employed aspherical 100,000 people and had gross sales of 41.4 billion euros. R&D funds earlier than particular gadgets amounted to 4.9 billion euros. For extra information, go to www.bayer.com.

Leaps by Bayer, a unit of Bayer AG, leads influence fundings into options to A pair of of right now’s largest challenges in well being and agriculture. The funding portfolio embraces Greater than 35 corporations. They’re all Engaged on probably breakby way of utilized sciences To beat some particular challenges Similar to, e.g. Provide sustainable organ & tissue alternative, reducing the environmental influence of agriculture, stopping or curing most cancers, and completely differents. For extra information, go to leaps.bayer.com.

About Sound Agriculture

Sound Agriculture unlocks the pure power of crops To fulfill the calls for for extra numerous and nutritious meals. Revolutionary, on-demand crop options permit agriculture to adapt faster to local climate change and evolving shopper preferences, creating extra healthful meals That is greater for the plainternet. Products are designed To reinformationrce on-farm effectivity and create extra healthful, tastier, extra sustainable meals. Supply prompts the microbiome To current crops entry to extra of the nitrogen and phosphorus that exists Inside The sector, enhancing yield and reducing synthetic fertilizer by As a lot as 50 lbs per acre. Study extra at www.sound.ag and Adjust to @sound_ag on Twitter.

 

Bayer Contacts: 

Carly Scaduto, telephone +1 314 439 6978.

E-mail: [email protected]

Alexander Hennig, telephone +49 175 3089736

E-mail: [email protected]

Sound Agriculture Contact:

Michelle Yoshinaka, telephone +1 925-588-8242

[email protected]                    

(2021-0166)

 

Forward-Wanting Statements

This launch might include forward-looking statements based mostly on current assumptions and forecasts made by Bayer administration. Numerous acknowledged and unacknowledged risks, uncertainties and completely different elements might Finish in supplies variations between the exact future end outcomes, monetary state of affairs, enhancement or performance of the agency and the estimates given right here. These elements embrace these talked about in Bayer’s public reviews Which Could Even be found on the Bayer internet website at www.bayer.com. The agency assumes no authorized obligation in any respect to replace these forward-looking statements or To evolve them to future occasions or enhancements.

Bayer

Bayer

Bayer: Science For A greater Life

Bayer is A worldwide enterprise with core competencies Inside the Life Science fields of well being care and agriculture. Its Providers are designed To revenue people and enhance their extreme quality of life. On The identical time, the Group goals to create worth by way of innovation, progress and extreme incomes power. Bayer is dedicated to the guidelines of sustainable enhancement and to its social and moral duties as A agency citizen. In fiscal 2015, the Group employed aspherical 117,000 people and had gross sales of EUR 46.3 billion. Capital expenditures amounted to EUR 2.6 billion, R&D funds to EUR 4.3billion. These figures embrace these for the extreme-tech polymers enterprise, which was floated on the inventory market as an unbiased agency named Covestro on October 6, 2015. For extra information, go to www.bayer.com.

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