Cavallo Ventures Makes Seven Figure Investment In Pesticide Disruption
Cavallo Ventures, the venture capital arm of global agribusiness company Wilbur-Ellis, has just announced a seven figure investment in agricultural technology startup Crop Enhancement, Inc. The California-based company makes CropCoat, a unique protective coating being touted as an alternative to more toxic pesticides on the market.
“In trials we’ve completed, our first product, CropCoat, is proving to be an effective and sustainable crop protection technology, says Kevin Chen, Ph.D., CEO of Crop Enhancement. According to Chen, CropCoat works by creating a physical barrier to protect the plant from “biotic stress [like] insects and disease.” In the future, the company hopes CropCoat could also address stressors like drought and extreme heat.