Agrividia is a St. Louis-based company that has patented technology which 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 for use with poultry, swine, dairy and beef cattle.
“TechAccel and Iowa Corn Opportunities are partners with the strategic commitment to advance the Agrivida vision,” said Dan Meagher, President and CEO of Agrivida. “Our technology promises improved production efficiency of major food segments, from plants to meat, milk and eggs.”
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.