# Groundwork BioAg

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/groundwork-bioag

- Industry: Agribusiness
- Headquarters: Israel
- Website: www.groundworkbioag.com
- Total disclosed funding: $18M
- Latest round: Series B (Aug 18, 2022)
- Investors on record: 10

## About

Groundwork BioAg Ltd is based in Raanana, Israel and was founded in 2014. The firm engages in development, manufacturing and commercialization of mycorrhizal inoculants for mainstream agriculture.

Groundwork BioAg Ltd. was founded in 2014 by Dr. Yossi Kofman, Dan Grotsky and Danny Levy. In 2021, the company raised $11 million in venture capital financing led by Ibex Investors with the participation of ProDelta and Future Foodways. Previous investors, MoreVC, Middleland Capital, Axess Ventures and BPD Agri also participated in the round. The other investors of the company include SRK Management, F&C Climate Opportunity Partners, AgriNation VC. The technology partner of the company is Agricultural Research Organization (Volcani Institute). 

Groundwork BioAg Ltd. produces mycorrhizal inoculants to increase yields and reduce dependency on phosphorus fertilizer and improve carbon sequestration in soil. The company produces 5 major products; Rootella P for dusting bare roots, root balls, tubers or bulbs, Rootella G for mixing in growing media in the nursery, Rootella T for growing packs in the ground before planting to establish a strong root system, Rootella F for in-furrow seed treatment and Rootella X which provides wettable powder for liquid applications and seed treatment.

With the 2021 round of funding, Groundwork BioAg plans to accelerate and expand production of its mycorrhizal platform to meet global demand for natural, sustainable solutions that increase agricultural productivity while preserving soil health. Almost one million acres (400 Kha) are planned to gain benefit from the company’s unique products in 2021.

## Funding rounds

- Series B, Aug 18, 2022, $18M — MoreVC, BASF, Ibex Investors, HSBC Alternative Investments, Middleland Capital, Climate Innovation Capital, Edaphon
- Series B, Sep 9, 2015 — ICV Partners, SRK Management Company, Inc, Middleland Capital, F&C climate Opportunity Partners

## Investors

- ICV Partners (https://capitalatlas.ai/funds/icv-partners) — Series B
- SRK Management Company, Inc — Series B
- Middleland Capital — Series B
- F&C climate Opportunity Partners — Series B
- MoreVC (https://capitalatlas.ai/funds/morevc) — Series B
- BASF (https://capitalatlas.ai/funds/basf) — Series B
- Ibex Investors (https://capitalatlas.ai/funds/ibex-investors) — Series B
- HSBC Alternative Investments — Series B
- Climate Innovation Capital (https://capitalatlas.ai/funds/climate-innovation-capital) — Series B
- Edaphon (https://capitalatlas.ai/funds/edaphon) — Series B