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Crop protection discovery firm MoA Technology secured £6.3m in series A
Aug. 21, 2019
MoA Technology
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United Kingdom
Crop protection discovery company MoA Technology has secured £6.3m in a series A round.The proceeds of the fundraising will be used to develop MoA's crop protection discovery platforms in a bid to avert the global herbicide resistance crisis.
Spun out from Oxford University's Plant Sciences Department in 2018, from research by co-founders Professor Liam Dolan, and Dr Clement Champion, MoA Technology was set up to address the challenge of herbicide resistant weeds, which threaten global food security.
MoA has developed its own discovery platform and is focused on the discovery of next generation sustainable herbicides.
The funding round into MoA was co-led by Oxford Sciences Innovation and Parkwalk Advisors. Oxford University Innovation, the university's innovation arm, assisted in spinning the company out in 2018.
MoA Technology chairman Hadyn Parry said: "Weeds are now a greater threat to crop yields than at any time in recent decades. New solutions are urgently needed.
"Raising £6m at this stage in the company's development is a real testament to the strength of the company’s prospects."
Source: Newsco Insider
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