$3.6M grant rains on Arcadia for Indian agriculture
Arcadia Biosciences has secured a $3.6 million grant from the United States Agency for International Development to promote rice and wheat cultivation in India for the next three years. The Davis, Calif.-based company has developed strains of the two crops that take up nitrogen and water more efficiently, and are tolerant to limited salt content. It will partner with Indian agriculture firm Maharashtra Hybrid in the effort.
Arcadia previously raised $55 million from venture backers and… Continue Reading
Arcadia snags $15M for heartier Safflower Oil
Arcadia Biosciences, a company that engineers crops for agricultural efficiency and human health qualities, raked in $15 million in a second round of funding led by Exeter Life Sciences and including BASF Venture Capital America, CMEA Ventures and Saints Capital.
The money will go toward the launch of the Davis, Calif.-based company’s first product, GLA Safflower Oil, modified to have high gamma linolenic acid content and make food it’s used in more hearty and healthy. The… Continue Reading