ZeaKal Completes $3.8 Million Money Raise for Biotechnology Traits Aimed at Increasing Crop Yield
3/26/2013 11:13:50 AM
SAN DIEGO--(BUSINESS WIRE)--ZeaKal, a plant science company incubated from the pipeline of Kapyon Ventures, LLC, is pleased to announce it has completed a $3.8M Series A raise to develop its HME technology platform across major crops. The investment, led by Finistere Ventures, Two Oceans and the Missouri Soybean Merchandising Council (MSMC), and supported by ZeaKal’s Executive Chairman, Dr. Jerry Caulder, provides ZeaKal the means to focus on specific crop targets including soybeans and rice. ZeaKal’s HME technology has shown crop yield and oil content increases of up to 50% and 34%, respectively.