# Crop Enhancement

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crop-enhancement

- Industry: Chemicals
- Headquarters: San Jose, US
- Website: www.crop-enhancement.com
- Total disclosed funding: $17M
- Latest round: Series B (Mar 11, 2020)
- Investors on record: 9

## About

Crop Enhancement, Inc. specializes in innovative agricultural solutions, focusing on sustainable crop protection through its flagship product, CropCoat®, designed to enhance crop resilience against pests and diseases while adhering to organic standards.Founded in 2011 and headquartered in San Jose, US, Crop Enhancement, Inc. develops sustainable agricultural technologies. The company successfully raised USD 8 mn in Series B funding on March 11, 2020, led by Spruce Capital Partners, along with other investors including 1955 Capital and Cavallo Ventures. The founder's prior experience in agricultural technology has influenced the company's strategic direction.Crop Enhancement specializes in the development and commercialization of its flagship product, CropCoat®, a sustainable crop protection solution designed to mitigate damage from pests and diseases in agricultural settings. This innovative, non-toxic product functions by coating crops with a protective film that camouflages them, making it more difficult for pests to detect and attack the plants. CropCoat® is engineered from ingredients that are certified organic and part of the organic national program, allowing growers to export treated crops without restrictions. The primary clientele includes growers in various agricultural sectors, particularly those cultivating coffee, almonds, and cocoa, with ongoing trials expanding to fruit and vegetable markets across North America, Latin America, and parts of Asia. Crop Enhancement's products are aimed at addressing the increasing demand for environmentally friendly pest control solutions while helping farmers sustain crop yields and enhance profitability.Crop Enhancement generates revenue through direct sales of its CropCoat® product to agricultural growers and producers. The transaction structure operates on a B2B model, where the company partners with agricultural stakeholders to provide its solutions. Clients purchase CropCoat® in bulk, often as part of a business partnership that may include tailored support and application guidance to optimize crop health and yield. The pricing structure reflects the product's value as a sustainable alternative to traditional pesticides, facilitating cost-effective pest management for users. With a focus on maintaining a competitive edge in the agricultural technology market, Crop Enhancement is positioned to grow its revenue streams as it expands its offerings and geographic reach.Crop Enhancement plans to utilize the recent USD 8 mn raised in Series B funding to accelerate product development and expand into new markets. The company is focusing on launching new formulations of CropCoat® aimed at enhancing crop resilience further, with anticipated releases by late 2021. Additionally, the company targets market expansion in Europe and Asia by 2023, aiming to establish strategic partnerships with local agricultural firms to facilitate entry into these regions.

## Funding rounds

- Series B, Mar 11, 2020, $8M — Alexandria Venture Investments, Phoenix Venture Partners, Spruce Capital Partners, 1955 Capital, Cavallo Ventures, Davinia Investment Ltd.
- Series B, Sep 13, 2016, $8.5M — Phoenix Venture Partners, Xeraya Capital, Bandgap Ventures, Spruce Capital Partners, 1955 Capital
- Series A, Mar 19, 2012 — Phoenix Venture Partners, Soane Labs

## Investors

- Phoenix Venture Partners — Series A, Series B
- Soane Labs — Series A
- Xeraya Capital (https://capitalatlas.ai/funds/xeraya-capital) — Series B
- Bandgap Ventures (https://capitalatlas.ai/funds/bandgap-ventures) — Series B
- Spruce Capital Partners (https://capitalatlas.ai/funds/spruce-capital-partners) — Series B
- 1955 Capital (https://capitalatlas.ai/funds/1955-capital) — Series B
- Alexandria Venture Investments (https://capitalatlas.ai/funds/alexandria-venture-investments) — Series B
- Cavallo Ventures (https://capitalatlas.ai/funds/cavallo-ventures) — Series B
- Davinia Investment Ltd. — Series B