# Phospholutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phospholutions

- Industry: Agribusiness
- Headquarters: State College, US
- Website: www.phospholutions.com
- Total disclosed funding: $26M
- Latest round: Series B (Jul 28, 2023)
- Investors on record: 8

## About

Phospholutions, Inc., based in the US, innovates in agricultural technology, focusing on enhancing phosphorus efficiency in fertilizers to support sustainable farming practices and improve crop yields.Phospholutions, Inc. was formed in 2016 in State College, US. The company specializes in agricultural technology aimed at optimizing phosphorus use for growers. Founded by Hunter Swisher, the company has successfully completed 5 funding deals, with the latest being a Series B round in July 2023, raising USD 14.65 mn led by Advantage Capital, with participation from Keytrade AG and returning investors. As of now, the company has raised a total of USD 14.65 mn and holds a current valuation of USD 86.01 mn.Phospholutions specializes in innovative agricultural solutions primarily centered around its flagship product, RhizoSorb®, a phosphorus fertilizer enhancer. This technology empowers growers to optimize phosphorus use by aligning fertilizer application with the specific needs of plants, effectively reducing phosphorus usage by up to 50% while maximizing yield. The company's products are supported by extensive academic and field trials, ensuring proven effectiveness. Phospholutions primarily targets agricultural producers in North America and select regions in Europe, focusing on helping large-scale growers and agricultural cooperatives enhance crop production while minimizing environmental impact.Phospholutions generates revenue through the sale of its RhizoSorb® technology, which is integrated into various phosphorus fertilizers marketed to agricultural producers. The business structure is primarily B2B, engaging directly with growers and agricultural retailers who purchase the products in bulk for distribution. Revenue transactions occur through direct sales contracts, with pricing determined based on specific formulations and quantities ordered. The company's growth strategy includes field trial programs designed to demonstrate the value of RhizoSorb®, encouraging wider adoption among growers.In July 2023, Phospholutions, Inc. raised USD 14.65 mn in Series B funding to facilitate the commercialization of its RhizoSorb fertilizer additive in the US and conduct field trials in other countries in 2024. The company plans to expand its market presence by launching new products and entering additional geographic regions. With the recent funding, Phospholutions aims to enhance its operational capabilities, supporting its growth initiatives and reinforcing its position in the agricultural sector.

## Funding rounds

- Series B, Jul 28, 2023, $15M — Advantage Capital, Ben Franklin Technology Partners, Maumee Ventures, Tekfen Ventures, Conti Ventures, Keytrade AG
- Series A, Jan 26, 2021, $10M — Ag Ventures Alliance, Maumee Ventures, Tekfen Ventures, 1855 Capital, Conti Ventures
- Seed, Jun 6, 2019, $1.5M — Maumee Ventures, 1855 Capital

## Investors

- Maumee Ventures (https://capitalatlas.ai/funds/maumee-ventures) — Seed, Series A, Series B
- 1855 Capital (https://capitalatlas.ai/funds/1855-capital) — Seed, Series A
- Ag Ventures Alliance (https://capitalatlas.ai/funds/ag-ventures-alliance) — Series A
- Tekfen Ventures (https://capitalatlas.ai/funds/tekfen-ventures) — Series A, Series B
- Conti Ventures — Series A, Series B
- Advantage Capital — Series B
- Ben Franklin Technology Partners (https://capitalatlas.ai/funds/ben-franklin-technology-partners) — Series B
- Keytrade AG — Series B