What is Elicit Plant?
Founded in 2017, Elicit Plant operates at the intersection of advanced biotechnology and sustainable agriculture. The company is dedicated to developing innovative solutions that enhance crop resilience, specifically targeting the physiological impacts of water scarcity. By focusing on the sustainability transition, Elicit Plant aims to provide farmers with the tools necessary to maintain productivity in an increasingly volatile climate. Its market position is defined by a commitment to R&D-driven agricultural inputs that mitigate environmental risks while supporting global food security objectives.
How much funding has Elicit Plant raised?
Elicit Plant has raised a total of $66M across 2 funding rounds:
Series A
$18M
Series B
$48M
Series A (2022): $18M with participation from Bpifrance, Sofinnova Partners, and ECBF
Series B (2024): $48M led by Sofinnova Partners, BPI, Ecbf, and Carbyne Equity Partners
Key Investors in Elicit Plant
Sofinnova Partners
A leading European venture capital firm specializing in healthcare and sustainability, providing hands-on support from seed to later-stage investments.
BPI
One of the oldest and most trusted financial institutions in Southeast Asia, known for its commitment to innovation, digital transformation, and sustainable economic development.
Carbyne Equity Partners
A Hamburg-based private equity firm focusing on growing European businesses within the healthcare, nutrition, and agricultural input sectors.
What's next for Elicit Plant?
With the successful closure of this major enterprise-level funding, Elicit Plant is poised to accelerate its commercialization efforts and deepen its research capabilities. The strategic focus will likely shift toward scaling production capacity and expanding its reach into key international markets where water stress remains a primary concern for agricultural stakeholders. As the company continues to refine its biotechnological offerings, it remains a critical entity for investors focused on the intersection of climate resilience, food security, and life sciences innovation. Future growth will be measured by the successful deployment of its solutions across diverse crop types and geographic regions, further cementing its role as a champion of sustainable agricultural practices.
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