What is Source?
Source operates at the intersection of advanced plant biology and sustainable farming. Its core product, a specialized foliar spray, addresses one of the most persistent challenges in modern agriculture: nutrient uptake efficiency. By enabling plants to fix nitrogen and unlock phosphate throughout the growing season, the company provides a scalable solution that reduces reliance on synthetic fertilizers. This technology is particularly relevant in the current climate of rising input costs and increasing regulatory pressure on agricultural runoff. As a result, Source has established a strong market position, attracting a diverse consortium of investors ranging from specialized agrifood venture firms to international grower cooperatives.
How much funding has Source raised?
Source has raised a total of $54.5M across 4 funding rounds:
Unspecified
$10M
Series A
$23M
Other Financing Round
$4M
Series B
$17.5M
Unspecified (2022): $10M with participation from Acre Venture Partners, Agro Care, Rainbow Growers, Astanor Ventures, Harvest House, and E14 Fund
Series A (2023): $23M led by Astanor Ventures and Acre Venture Partners
Other Financing Round (2023): $4M supported by E14 Fund and SK Networks
Series B (2025): $17.5M featuring Enza Zaden, Harvest House, and Astanor Ventures
Key Investors in Source
Astanor Ventures
A venture capital firm dedicated to transforming the agrifood system by fostering innovation from soil to gut, focusing on sustainability and health.
Acre Venture Partners
An investment firm that partners with businesses developing innovative technologies to tackle significant challenges in human and environmental health within the food sector.
Enza Zaden
A prominent international vegetable breeding company that develops high-quality organic and non-organic seeds for the global market.
What's next for Source?
With the infusion of $17.5M, Source is well-positioned to accelerate its commercial expansion and deepen its research and development capabilities. The strategic focus will likely shift toward scaling manufacturing operations to meet global demand and expanding its footprint in key agricultural markets across Europe and North Africa. Furthermore, the company is expected to leverage its partnerships with major grower cooperatives to validate its technology across a broader range of crop varieties. As Source continues to refine its biological solutions, the focus will remain on delivering measurable ROI for farmers while contributing to the broader goal of a more resilient and sustainable global food system.
See full Source company page
