Energia
Elicit Plant Announces €45 Million Investment Round to Accelerate Global Expansion
As global agricultural yields face increasing threats from frequent and extreme climate events, Elicit Plant delivers innovative solutions that leverage the unique properties of phytosterols to enhance plant health in the face of environmental stress. Since 2022, Elicit Plant's products have become well-established in France and strategic markets like Brazil and Eastern Europe , focusing on corn, sunflower, cereals, and soy. In addition, the company obtained Marketing Authorization in the US to launch its first commercial product for Corn.
The company's current strategy is based on three pillars:
The oversubscribed investment round was led by , a private equity firm that invests in growing European businesses with strong market positions and a focus on R&D in its key sectors: agricultural technology, healthcare, and nutrition. Moreover, the existing investors , reaffirmed their commitment.
– for Carbyne Partners.
" – for Sofinnova Partners.
" " concludes , CEO of Elicit Plant.
Claire Arnoux, c.arnoux@elicit-plant.com
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