Private equity firm Infinity Group has announced a $4.2 million in green biotech company BotanoCap. A little less than a quarter of the investment was made through a Chinese joint venture company established under the umbrella of the Infinity-Harbin fund. BotanoCap plans to use the financing for further business development in China, Europe and the United States, patent applications, maintenance and regulatory affair expenses.
BotanoCap was founded by professors from Ben Gurion University in 2005. It develops green solutions intended to replace toxic chemical materials currently used by the agricultural, veterinary and household product industries. The company’s novel technology creates modified release products based on natural ingredients. Applications include crop protection bio-pesticides, water treatment, natural disinfectants, anti-flea & tick for veterinary formulations and insect repellent, to name a few.
“BotanoCap is helping the world go green, from every aspect of daily life the food we eat, what we spray on ourselves and our pets as well as our cosmetics and house hold cleaning supplies. It seems so simple and yet today, most of these products we use have been tainted with some chemical, potentially harmful in one way or another. BotanoCap’s work will help change this by achieving the same ultimate deliverable but safely and naturally. It is a worldwide unmet need and we are happy to support initiatives that strive to make the world a cleaner, greener and safer place to live,” said Amir Gal-Or, founding and managing partner at Infinity Group.
“The investment announced today reflects the confidence Infinity Group has in BotanoCap’s novel technology and its current product line. The funding will be used to further the development and registration of a range of products - soil treatment, field crop protection, seed treatment and post-harvest treatment - supporting the agriculture cycle and helping to increase the quality, quantity and safety of the food supply,” said BotanoCap CEO Mr. Yigal Gezundhait.
Published by Globes [online], Israel business news - www.globes-online.com - on December 23, 2013
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