Agrisoma Biosciences announces management equity investment

Agrisoma Biosciences, the agriculture technology company that commercialised Resonance Carinata – a non-food sustainable crop for renewable energy – has announced that a group led by its management team has made an equity investment in the company that gives it a 22% stake in the company. The group includes key members of Agrisoma's senior management, board members and advisors.

In a related transaction, Agrisoma has purchased all the shares previously held by Calyx Bioventures, removing Calyx as a shareholder in Agrisoma.

Resonance Carinata is the world's only RSB-certified sustainable oilseed crop, providing a source of sustainable oil for renewable fuels and other products.

Agrisoma president and CEO Steven Fabijanski, who led the group making the investment, says: 'This investment underscores the value being created as Agrisoma expands its commercialisation of Resonance Carinata. The opportunity for new sustainable, high-performance agricultural seed products such as Resonance Carinata is substantial, and we want to become more invested in its success.'

In September 2014, Agrisoma closed an $8 million (€7 million) Series A financing round, which was led by Cycle Capital Management, a clean tech venture capital platform of investments, with participation by BDC Venture Capital, one of Agrisoma's current equity investors.