# Botanical Solutions SpA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/botanical-solutions

- Industry: Biotechnology
- Headquarters: Santiago, Chile
- Website: www.botanical-solution.com
- Total disclosed funding: $32M
- Latest round: Series A (Jun 16, 2023)
- Investors on record: 8

## About

Founded in 2013 and based in Santiago Metropolitan, Chile, Botanical Solution SpA is a producer of advanced botanical materials (ABM). The company was founded by its CEO, Gastón Salinas, Gustavo Zúñiga. In June 2023, Botanical Solutions, Inc. raised USD 18.83 million in Series A funding led by Otter Capital, Boldo SpA. The series A funding values Botanical Solutions, Inc. at USD 29.64 million post-money. In August 2024, Botanical Solutions, Inc. raised USD 7.6 series A funding from unspecified investors.

Botanical Solution develops and offers botanical products for the pharmaceutical and agricultural industries. The firm’s flagship products include Quillibrium®, a biofungicide used to protect crops from various pathogens; and QS-21, a vaccine adjuvant used in several vaccines, including COVID-19 candidates.

The company plans to utilize the August 2024 funding raised to accelerate manufacturing for human vaccinations, expanding facilities in Davis, California, and strengthening its R&D capabilities.

## Funding rounds

- Series A, Jun 16, 2023, $19M — Otter Capital, Boldo SpA
- Series A, Dec 20, 2021, $9.6M — Otter Capital, Inmobiliaria e Inversiones el Coigue, Inversiones Eurocel
- Seed, Dec 23, 2020, $3.3M — Sembrador Capital, IDB Bank, The Yield Lab, The Ganesha Lab, Inmobiliaria e Inversiones el Coigue

## Investors

- Sembrador Capital — Seed
- IDB Bank — Seed
- The Yield Lab (https://capitalatlas.ai/funds/the-yield-lab) — Seed
- The Ganesha Lab — Seed
- Inmobiliaria e Inversiones el Coigue (https://capitalatlas.ai/funds/inmobiliaria-e-inversiones-el-coigue) — Seed, Series A
- Otter Capital (https://capitalatlas.ai/funds/otter-capital) — Series A
- Inversiones Eurocel — Series A
- Boldo SpA — Series A