Founded by Flagship Pioneering in 2018, Invaio Sciences Inc. is a multi-platform technology company unlocking the potential of the planet’s interdependent systems to address pressing agricultural, nutritional, and environmental challenges. Among its many R&D streams, Invaio is developing nature-based solutions that tackle the significant problem of pest control in agriculture.
Over one billion pounds of pesticides are used in the US each year with the vast majority missing its target – costly for farmers and bad news for humans and the wider environment. Just like people and plants, insects house an ecosystem of microbes that play a vital role in their health. By manipulating the microbiomes of insects and the biological defence mechanisms of plants, Invaio Science is aiming to cut pesticide and fertiliser use whilst improving crop health and sustainably feeding the global population.
Series C financing round totalling US$88.9 million
Today the company has announced the closing of a Series C financing round totalling US$88.9 million. Joining founder and principal backer Flagship Pioneering is Stage 1 Ventures, Bluwave Capital, Alexandria Venture Investments, and others. With this financing, Invaio has raised more than $142 million since its founding in 2018.
“Our ambition is to build the most impactful and valuable crop health company on the planet,” said Ignacio Martinez, Co-Founder and CEO of Invaio. “The world is changing quickly and food production practices must adapt to keep pace with evolving consumer demands, changing environmental conditions and increased stress on ecological resources.
“This commitment by new and existing investors enables Invaio to accelerate the expansion of our integrated technology platforms that will solve performance and delivery challenges facing the agriculture industry. Our approach to reducing the use of fertilisers and chemicals will revolutionise the industry and guide the production of food to biological practices in less than a decade.” explained Martinez.
With this most recent financing, Invaio will continue to delve deep into insect management as well as diverse areas of discovery including tree nutritional health, vector and disease control, transformative herbicides and fungicides replacements, advanced seed technologies, carbon cycling, and more.
“This is an exciting time to be in agricultural science. Within the next decade, a new playbook for producing food will evolve and take root, and Invaio is at the forefront of this discovery, actively contributing to developing the model for agricultural production of the future,” said Gerardo Ramos, Chief Science Officer, Invaio Sciences. “At Invaio, we take a systems approach: controlling the disease with minimal environmental impact by reducing the use of pesticides by more than 90 percent and increasing carbon capture while improving the health of the system as a whole. This is just the beginning.”
Commercial sights set on HLB and Xylella
Already addressing some of the biggest concerns plaguing crop health throughout the planet, Invaio Sciences is gaining a foothold within perennial production. Resources from the Series C capital raise will immediately be used to roll out solutions for problems including HLB in the citrus industry, Xylella in Olive production, and to institute more refined practices in managing vineyards and orchards. Invaio is also advancing a new carbon offering for perennial producers and is working with the USDA to bolster the vitality of beehives through ensuring pollinator health and the longevity of flowering real food trees in the future.
“Invaio is transitioning from an R&D-focused organization to a fully commercial enterprise,” commented Peleg Chevion, President and Chief Commercial Officer of Invaio. “We’re building an economically attractive approach to institute sustainable agriculture at scale for diverse growers around the world.”
“We are deeply committed to delivering the right solutions for producers now, as well as taking a generational view of their operations and the entire value chain. Our use of precision delivery offers a cleaner, safer and more mindful approach to manage the need for healthier crops and more nutritious and efficient food production in the future.” concluded Chevion.