SVG Ventures THRIVE: CroBio Secures $1.55M Seed Funding

SVG Ventures THRIVE: CroBio Secures $1.55M Seed Funding

CroBio, a finalist in SVG Ventures | THRIVE's 2023 Global Impact Challenge, has recently achieved a significant milestone by securing $1.55 million in Seed funding. Spearheaded by The Grantham Foundation for the Protection of the Environment, with the notable participation of SOSV and Ponderosa Ventures, this funding injection is a testament to CroBio's pioneering work in agricultural biotechnology.

Through their innovative approach, CroBio harnesses the power of soil microbes to develop sponge-like biomaterials, which not only bolster agricultural drought resilience but also contribute to reducing greenhouse gas emissions. This funding round not only underscores CroBio's commitment to sustainable agriculture but also highlights the vital role that organizations like SVG Ventures | THRIVE play in supporting and fostering groundbreaking solutions in the food and agriculture industries.

(Source: SVG Ventures THRIVE LinkedIn Post)