Vive Crop Protection recently closed a $7.2M CAD series B3 equity financing led by Urbana Corporation and supported by existing investor Middleland Capital, as well as Business Development Bank of Canada’s (BDC) Cleantech Practice. Powered by their patented Allosperse Delivery System, Vive’s unique products ensure growers have Precision Chemistry to enhance their precision agriculture tools.
“We’re excited to bring Precision Chemistry products that help growers achieve real results. Farm equipment that is state-of-the-art and sophisticated data and analytics help maximize their productivity and efficiency. It is time that they have the same modern technology in the chemical and biological tools that they use. This funding will help us further expand our commercial footprint, pushing past 1.2 million acres in 2020, as well as deliver more exciting innovations to our grower customers,” says Darren Anderson, CEO of Vive Crop Protection.
This funding will be used to continue building out the Vive US Sales team, with established distribution across the continental USA. Vive will also invest further in its revolutionary Allosperse Delivery System, which has been recently utilized to precisely and efficiently deliver biologicals such as biopesticides and biostimulants.