Plastomics raises convertible debt financing

St. Louis-based biotechnology firm Plastomics raised $900k+ from St. Louis Economic Development Partnership, Missouri Technology and St. Louis Arch Angels on December 28, with other undisclosed investors also participating. The company is a developer of seed technology designed to produce higher yielding crops through chloroplast engineering. Plastomics’ technology entails placing crop traits in a plant’s…

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St. Louis-based biotechnology firm Plastomics raised $900k+ from St. Louis Economic Development Partnership, Missouri Technology and St. Louis Arch Angels on December 28, with other undisclosed investors also participating.

The company is a developer of seed technology designed to produce higher yielding crops through chloroplast engineering. Plastomics’ technology entails placing crop traits in a plant’s chloroplasts (hundreds per cell), rather than its nucleus. A chloroplast is structure inside a cell that carries out photosynthesis – the process by which green plants use sunlight to synthesize foods from carbon dioxide and water. Chloroplasts are inherited maternally, not through pollination, thereby eliminating or mitigating unwanted trait transfers and cross-pollination.

Plastomics’ engineering technology results in a host of benefits to producers including more powerful traits, more engineering precision and efficiency, and faster breeding and speed to market. The company’s technology platform applies across several crops and traits.
Jeffrey Staub, Ph.D. founded Plastomics in 2016.

Visit http://plastomics.com to read more about this company.

 

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