# Enko Chem

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enko-chem

- Industry: Agribusiness
- Headquarters: Mystic, US
- Website: www.enko.ag
- Total disclosed funding: $120M
- Latest round: Series C (Dec 5, 2022)
- Investors on record: 12

## About

Enko Chem, Inc. is a US-based company focused on developing innovative crop production products utilizing advanced technologies such as Artificial Intelligence and Machine Learning to enhance agricultural resilience and sustainability.Founded in 2017 in Mystic, US, Enko Chem, Inc. specializes in agricultural technology, specifically creating solutions for crop protection and yield enhancement. The company has successfully completed 6 deals, with its latest funding round being a Series C in December 2022, raising USD 20.90 mn from investors including Akroyd LLC and Nufarm. The leadership team is composed of CEO Jacqueline Heard, alongside Piotr Kordowicz, who contribute to guiding the company in its mission.Enko Chem's primary offerings focus on developing innovative crop production products that leverage advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML). Utilizing proprietary datasets and DNA-encoded library screening, the company identifies and optimizes molecules that exhibit specific, potent, and safe characteristics for agricultural applications. Enko's clientele includes agricultural producers and farmers globally, particularly in North America and Europe, who seek effective solutions for crop protection and yield improvement.Enko generates revenue through partnerships and business-to-business transactions with agricultural companies and research institutions. Licensing agreements for proprietary technologies and products designed to enhance crop production are common. The company’s advanced research methodologies produce flagship products that cater to clients needing effective and selective crop protection solutions, with pricing based on specific services and products offered.In December 2022, Enko Chem, Inc. raised USD 20.90 mn in Series C funding, which will be utilized to accelerate its product pipeline addressing global food security challenges. The company plans to expand into new markets, specifically targeting regions that require enhanced agricultural solutions. Recent funding will support the development of new products aimed at improving crop resilience and protection, ensuring the company is well-positioned to meet emerging demands in the agricultural sector.

## Funding rounds

- Series C, Dec 5, 2022, $21M — Eight Roads Ventures, Nufarm, Akroyd LLC, Endeavor8
- Series C, Jul 15, 2022, $59M — Eight Roads Ventures, Finistere Ventures, Nufarm, Bill & Melinda Gates Foundation, Anterra Capital, Alumni Ventures Group, Rabo Investments, Germin8 Ventures, Novalis LifeSciences, To Ventures Food, Endeavor8
- Series B, Jun 26, 2020, $40M — Finistere Ventures, Bill & Melinda Gates Foundation, Anterra Capital, Rabo Investments, Germin8 Ventures, Novalis LifeSciences, To Ventures Food

## Investors

- Finistere Ventures (https://capitalatlas.ai/funds/finistere-ventures) — Series B, Series C
- Bill & Melinda Gates Foundation — Series B, Series C
- Anterra Capital (https://capitalatlas.ai/funds/anterra-capital) — Series B, Series C
- Rabo Investments (https://capitalatlas.ai/funds/rabo-investments) — Series B, Series C
- Germin8 Ventures (https://capitalatlas.ai/funds/germin8-ventures) — Series B, Series C
- Novalis LifeSciences (https://capitalatlas.ai/funds/novalis-lifesciences) — Series B, Series C
- To Ventures Food — Series B, Series C
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series C
- Nufarm — Series C
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series C
- Endeavor8 (https://capitalatlas.ai/funds/endeavor8) — Series C
- Akroyd LLC — Series C