AgTech startup WeedOUT, Ltd., announces it has secured $8.1 million in A-round funding. Leading the round is Fulcrum Global Capital, a prominent US agri-focused VC with ties to a vast network of farmers across the U.S. The infusion of new capital will advance the company's mission to combat weed resistance through its breakthrough green solution.
WeedOUT created a novel and environmentally conscious approach to significantly curbing proliferation of weeds that no longer respond to commonly used chemical herbicides.
WeedOUT's novel method takes inspiration from sterility techniques used successfully since the 1940s for controlling populations of unwanted insects, such as mosquitoes and flies. It centers on a proprietary weed pollen derived from the male plants. This sterile pollen fertilizes the female weed ovules, yielding nonviable seeds and effectively impeding the growth of a new generation of resistant weeds.
Since the introduction of the sterility technique 80 years ago, the realm of insect control has not encountered any resistance issues, and it is considered one of the safest methods ever developed. WeedOUT is the first to apply this time-tested method to weed control.
WeedOUT's founders conducted the initial experiments in their own home balconies with instant success. Armed with compelling proof of concept and crucial seed funds, they proceeded to local field trials before scaling up efforts in more extensive trials across the U.S. covering cotton, soybean, and sugar beet fields. These trials are being conducted in conjunction with key opinion leaders in weed control.
Funds raised in this investment round are being channeled to further expand field trials in multiple regions in the U.S., including Georgia and Nebraska, as WeedOUT moves to launch its inaugural product targeting the Palmer amaranth weed. The company recently submitted a request to the Environmental Protection Agency for marketing approval and is developing new formulations targeting different weed species.