Swiss AgTech startup AgroSustain has just closed its seed investment round, securing financing of around €1 million. National and international private investors have invested in the University of Lausanne spinoff’s initiative, in addition to the support obtained from Venture Kick and Canton of Vaud, all supporting the long-term vision for sustainable crop protection.
The fresh capital will be used to move forward with the certification and product development of AgroSustain’s first plant-inspired product to prevent moulds on fruits & vegetables in post-harvest. The UN’s Food and Agriculture Organization estimated annual food waste at an equivalent of $1,000 billion, out of which $60 billion of fruits and vegetables are lost due to fungal pathogens in post-harvest.
Agritech start-up AgroSustain, founded in 2018, develops a pipeline of plant-inspired anti-fungal solutions based on an internationally patented PhD-thesis conducted by dr. Olga Dubey, CEO of AgroSustain, to identify and bring to market organic treatments against broad range of fungal pathogens present in food storage facilities.
Working closely with Agroscope, the Swiss Center of excellence for agricultural research in Nyon, the team of AgroSustain has identified more than 60 anti-fungal plant compounds that build the foundation of AgroSustain’s first product. AgroShelf+ has an anti-fungal effect over more than 1,600 species of agronomically important crops and can be used in food storage facilities to prevent development of moulds and reduce food waste.