BASF Venture Capital and Orbia Ventures invest in crop protection biotech company

In Germany, BASF Venture Capital GmbH and Orbia Ventures are investing in the Israeli biotech startup FortePhest which is developing a new technology to combat herbicide-resistant weeds and invasive plants.

Inspired and informed by natural plant processes, the company supports crop protection on a global scale by implementing this technology. BASF Venture Capital and Orbia Ventures are joined by Sherpa InnoVentures, SIBF II and other investors for this funding round. Funding parties have agreed not to disclose the financial details of the investment.

The new technology aims to solve one of the most important challenges currently facing crop protection. As more than 250 weeds and invasive plant species are resistant to over 150 herbicides in use at present, innovative solutions are needed to meet the sustenance needs of a growing world population.