Agtech Startup Spearhead Bio Secures $1.62 Million Funding in St. Louis
What happened
Spearhead Bio, an agtech company developing a new method for broad gene edits in plants, has secured $1.62 million in funding to advance its technology. The company announced the successful oversubscribed seed round, which was led by BioGenerator Ventures and the Danforth Technology Company. Other investors included QRM Capital, Grit Road Partners, the St. Louis Port Authority Helix Fund, and SDH Capital.
From stlmag.com
Why it matters
The successful fundraising allows Spearhead Bio to operate with runway for another year and a half to two years to reach its scientific and business milestones. The successful spin-out validates the research commercialization pipeline and the organization's commitment to growing the region as a global center for agtech innovation.
Giles Oldroyd serves as president of the Donald Danforth Plant Science Center, which focuses on St. Louis' next generation of talent.
From stlmag.com
Who's involved
- Donald Danforth Plant Science CenterThe organization from which Spearhead Bio spun out.
Keep exploring
The entities involved
-
Donald Danforth Plant Science Center
botanical research institution in Missouri, US
Nothing else this week.
-
St. Louis
independent city in Missouri, United States