What is Elicit Plant?
Founded in 2017, Elicit Plant operates at the vanguard of the agricultural biotechnology industry. The company specializes in developing advanced solutions that enhance crop resilience against environmental stressors, particularly water scarcity. By leveraging deep scientific expertise, Elicit Plant aims to facilitate the sustainability transition in agriculture, providing farmers with tools to maintain yields in increasingly volatile climates. Its market position is defined by a commitment to high-impact R&D and a scalable business model that addresses one of the most pressing challenges in modern food production.
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 Carbyne Equity Partners, BPI, Ecbf, and Sofinnova Partners
Key Investors in Elicit Plant
Sofinnova Partners
Sofinnova Partners is a leading European venture capital firm in life sciences, specializing in healthcare and sustainability. The firm acts as a hands-on company builder, partnering with entrepreneurs to develop transformative innovations across the entire value chain.
Carbyne Equity Partners
Carbyne Equity Partners is a Hamburg-based private equity firm focusing on growing European businesses within the healthcare, nutrition, and agricultural input sectors.
Ecbf
Ecbf LLC is a specialized investment entity focused on supporting growth-stage companies, contributing to the broader financial ecosystem supporting agricultural and consumer-facing innovation.
What's next for Elicit Plant?
With the successful closure of its latest financing round, Elicit Plant is poised to transition into a phase of rapid commercial expansion and technological refinement. The strategic capital will likely be deployed to bolster R&D capabilities, allowing the firm to deepen its pipeline of crop-resilience products. Furthermore, the company is expected to strengthen its market presence across Europe and beyond, leveraging the expertise of its diverse investor base to navigate complex regulatory environments and scale its distribution networks. As the agricultural sector faces mounting pressure to adapt to climate change, Elicit Plant's focus on water-efficient solutions positions it as a key partner for sustainable farming initiatives globally.
See full Elicit Plant company page
