Enko reports $70 million in Series C funding, bringing the company’s overall capital raised to date to $140 million. Mystic-based Enko will use the new funds to advance its product pipeline of crop protection chemistries that target critical pests and weeds through novel pathways.
“Reliance on outdated chemistries has led to rampant resistance that is threatening farmer livelihoods and our food supply,” said Enko CEO and founder Jacqueline Heard. “Enko’s digital platform massively increases the scale and discovery rate for new solutions, screening out off-target organisms from the get-go. The result is bringing safe and effective products to growers better, faster and cheaper. The need for this innovation has never been more urgent.”