(INNO) Agtech startup spun out of Danforth Center raises $1.2M

An agriculture technology startup spun out earlier this year from the Donald Danforth Plant Science Center has raised $1.2 million to advance its research and development initiatives.

Peptyde Bio, which is developing natural fungicides to protect crops from disease, raised $1.2 million in an oversubscribed pre-seed funding round. Investors in the startup include Danforth Technology Co., St. Louis Arch Angels, BioGenerator Ventures and QRM Capital.

Peptyde began operations earlier this year and is the first company established by the Danforth Technology Co., a new subsidiary launched by the Danforth Center with a goal of creating startups from its campus in Creve Coeur.  READ MORE