Elicit Plant

Elicit Plant is an agri-biotech company developing phytosterol-based biosolutions that reduce crop water usage by 20%, enhancing resilience against environmental stresses. Their products are currently used for maize, cereals, sunflower, and soybeans, addressing water scarcity challenges in agriculture. The company is expanding its market presence, particularly in the U.S. Corn Belt.

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Funding Round: Series B

Funding Amount: $48M

Date: 14-Nov-2024

Investors: Carbyne Equity Partners, Sofinnova Partners, ECBF, BPI EcoGreenTEch

Markets: Agri-biotech, Agriculture, Agricultural Chemicals, Biotechnology, CleanTech, AgTech, Climate Tech

HQ: Moulins-sur-Tardoire, CHARENTE, France

Founded: 2017

Website: https://www.elicit-plant.com/

LinkedIn: https://www.linkedin.com/company/elicit-plant/

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