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Agriculture
Elicit raises funds for plant biostimulant
by Matt Blois
February 11, 2022
| A version of this story appeared in
Volume 100, Issue 6
Elicit Plant has raised $18.3 million in series A funding to research and commercialize its phytosterol-based biostimulant, which make plants more resistant to drought. Phytosterol is a molecule found naturally in plants that reduces water consumption. The product, which the company says can substantially increase yields, is applied to corn and soybean leaves. The French company will use the funding to develop products for new crops and to expand in Europe, North America, and South America.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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