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HomePosts Tagged "Vive Crop Protection"
Company News, Finance, North America

Vive will leverage the funding round to continue the acceleration of its commercial deployment of next-generation Precision Chemistry™ solutions into new North American markets.

Vive Crop Protection has announced the final close of investments in its Series C financing round, adding Co-operators, iSelect, and the Jim Richardson Family Office, to its current investor base. Each of these investor groups are strategically focused on the development of next-generation agriculture technology.

“The addition of Co-operators and iSelect along with continued support from existing investors has given Vive the opportunity to accelerate its product pipeline and make a real impact on more acres,” says Darren Anderson, CEO of Vive Crop Protection.

The financing round was led by Emmertech and included participation from the Cibus funds and existing investors Business Development Bank of Canada (BDC), Export Development Canada (EDC), and Urbana Corporation. Vive also secured debt financing from Silicon Valley Bank (SVB) to provide both working and growth capital in support of its continued expansion.

Vive will leverage the funding round to continue the acceleration of its commercial deployment of next-generation Precision Chemistry™ solutions into new North American markets while advancing its research and development pipeline.

Vive’s proprietary Allosperse® delivery technology is a nanoscale, polymer-based delivery system that improves the targeting and performance of both conventional and biological active ingredients, enhancing farmers ROI and sustainability profile.

“As one of the largest farm insurers in Canada, we are committed to supporting the development of tools and solutions that will help the Canadian agricultural sector thrive,” says Dan Watchorn, Vice President, Commercial and Farm Insurance at Co-operators. “As a limited partner of Emmertech, we view this as an impactful opportunity to collaborate by co-investing in Vive, as they introduce their innovative technology to the Canadian market. We believe Vive’s products represent the future of farming practices and have the potential to facilitate the production of greater yields, increased efficiency, and lower emissions which is in alignment with Co-operators commitment to sustainability.”

“At iSelect we see a strong crossover between technology companies like Vive Crop Protection and product companies in our portfolio (ex. Vestaron, Kula Bio, Holganix) that are working to deliver biological solutions that both improve farmer profitability and environmental sustainability,” says David Yocom, Principal at iSelect Fund. “We believe that Vive can serve as both a potential partner to companies in our portfolio today & in the future, while developing its own products that directly align sustainability and economics for farmers.”

Vive will leverage the funding round to

Company News, Finance

Company plans to accelerate the commercial deployment of its next-generation product portfolio into new North American markets.

Toranto based Vive Crop Protection announced the close of its USD $26 million Series C investment round. The round was led by Emmertech with participation from the Cibus funds, and existing investors Business Development Bank of Canada (BDC), Export Development Canada (EDC), and Urbana Corporation. Vive has also secured debt financing from Silicon Valley Bank (SVB) to provide both working and growth capital in support of their continued expansion.

Vive will have a second close in the next quarter to accommodate top-tier investor groups still completing diligence – all strategically focused on next-generation agriculture technology. Vive will leverage its newest funding to accelerate the commercial deployment of its next-generation product portfolio into new North American markets while advancing its research and development pipeline.

“The investment by Emmertech, the Cibus funds, and existing investors, and the debt financing provided by Silicon Valley Bank underscores our success in delivering innovative solutions to farmers,” said Darren Anderson, Chief Executive Officer, Vive Crop Protection.

Kyle Scott, Managing Director of Conexus Venture Capital & Emmertech, says, “We are thrilled to be backing Vive’s outstanding team and the trust they’ve built among farmers with solutions that are efficient, sustainable, and profitable. We look forward to supporting Vive with their R&D infrastructure and entrance into global markets.”

Alastair Cooper, Head of Venture at the Cibus funds, said, “Our investment underlines our commitment to disruptive companies like Vive who place innovation at the core of their business model. As agriculture continues to embrace new technology, we believe Vive products will become increasingly important for maximizing on-farm efficiency and sustainability.”

Graeme Millen, Managing Director and Climate Tech & Sustainability lead in Canada for Silicon Valley Bank, says, “Vive’s unique technology exemplifies the power of next-generation solutions to create sustainable yet profitable outcomes for stakeholders. This approach aligns with SVB’s role as an active partner for high impact Agtech companies and we’re excited to support Vive’s important mission.”

Vive’s proprietary Allosperse® technology is a nanoscale, polymer-based delivery system that improves the targeting and performance of both synthetic and biological active ingredients, enhancing farmers ROI and sustainability profile.

Company plans to accelerate the commercial deployment

Agrotech, Sustainability

The SDTC Sustainability Changemakers award is the first made-in-Canada program which recognizes home-grown innovation in sustainable technologies

Vive Crop Protection has received distinction as one of Canada’s inaugural Sustainability Changemakers for 2022, as awarded by the Sustainable Development Technology Canada (SDTC) organization.

Vive is one of 10 companies being honoured with the distinction based on outstanding growth and a track record for delivering on SDTC’s mandate of sustainability and economic benefits for Canada.

Vive utilizes nano-polymers to deliver a wide variety of crop protection products to farmers, helping them achieve greater yields and net return while reducing harmful environmental impacts. Using precision chemistry and their patented Allosperse® Delivery System, Vive helps growers minimize the use of chemicals such as fungicides, insecticides and herbicides. Vive has strong sales and revenue growth with product exports to the U.S. while continuing to create jobs in Canada.

“We are honoured to receive this recognition from SDTC,” said Darren Anderson, CEO of Vive Crop Protection. “This high-profile distinction affirms that our commitment to sustainable agriculture and the science behind it is just as important today as it is for the future of the industry.” 

The SDTC Canada Sustainability Changemakers award is the first made-in-Canada program which recognizes home-grown innovation in sustainable technologies. As the largest funder of Canadian sustainable small and medium sized companies, SDTC offers a unique window on the entrepreneurial organizations who are leading the change to a net zero economy and is proud to use that expertise to celebrate Canadian excellence.

Winners will be honoured during the SDTC Annual Leadership Summit in Ottawa. Companies receiving this year’s SDTC distinction were selected based on the following criteria:

  • Steady annual revenues greater than $10 million
  • A compound annual growth rate of 20 per cent or more over the last three years
  • Significant sustainable benefits and impact measured per SDTC’s proprietary methods of quantifying environmental benefits
  • Global footprint
  • Canadian presence and contribution to the local economy; at least 50% of the workforce and significant operations must be Canada-based and the company must demonstrate job growth.

The SDTC Sustainability Changemakers award is the

Agro chems – Fertilizers, World

Averland FC combines abamectin and Vive’s patented Allosperse nano-polymer delivery system

Cotton growers have a convenient new tool to battle nematodes in-furrow with Averland FC nematicide/insecticide/miticide from Vive Crop Protection.

As one of the most economical in-furrow nematicides/insecticides on the cotton market, Hadley Howard, Senior Product Manager with Vive Crop Protection says, “Averland FC is a cost-effective, fertiliser-compatible solution to fight nematodes in-furrow in cotton. With proven nematode protection from Averland FC, cotton growers will maximize early plant stands and get the crop off to a strong start.”

Averland FC combines abamectin and Vive’s patented Allosperse nano-polymer delivery system, making it the only abamectin in-furrow solution registered for nematodes in cotton that also mixes perfectly with liquid fertilizers and other crop inputs.

George Huckabay, Southern Technical Sales Agronomist with Vive Crop Protection says, “Other products used in-furrow for nematodes are not as compatible with liquid fertiliser, and some don’t even behave well in the spray tank when mixed with water.”

“With Averland FC, growers will appreciate how easy it is to use because it doesn’t settle out as quickly, even with high-salt fertilisers like 10-34-0 or 11-37-0,” continues Huckabay.

Infield trials across the cotton-growing region, Averland FC provides comparable activity on nematodes and equivalent yield maximization as Velum Total, but in a more convenient, low-use-rate product. If growers are looking for additional disease control in-furrow, Averland FC is also compatible with most fungicides, including Xyler FC (metalaxyl with Allosperse).

Averland FC combines abamectin and Vive’s patented