Agtech Accelerator has led a $10 million financing round for Boragen.
The first venture out of the Raleigh, N.C. accelerator makes “synthetic fungicides” that combat the pest resistance in existing fungicides.
The boron-based technology was originally developed for healthcare applications.
The Raleigh, N.C. accelerator led the Series A round with $3 million and helped raise $7 million from other investors, including the Bill & Melinda Gates Foundation.
The accelerator has raised a total of $20 million from the Gates Foundation as well as Syngenta Ventures, Bayer, and others.
