Agrividia is a St. Louis-based company that has patented technology that uses the protein expression in grain to simplify the process of enzyme production for use as a feed additive. Now the company announces they have received financial support from TechAccel and Iowa Corn Opportunities to develop the enzyme.
“We see Agrivida and its technology as a great new platform for using corn as a cost- competitive factory for a wide variety of products,” said Brian Jones, Chief Operating Officer of the Iowa Corn Growers Association, parent company of Iowa Corn Opportunities.
These strategic investments come on the heels of Agrivida’s announcement of a $20.4M Series E financing round completed in September 2016. Terms of TechAccel and Iowa Corn Opportunities investments were not disclosed.