Agrivida completes initial close of $20m in funding

Company prepares for commercialization of its patented GRAINZYME feed enzyme.

Agrivida Inc., an agritech company focused on animal nutrition, announced that it has completed an initial close of $20.4 million in Series E financing.

The funds will be used to advance the commercialization of Agrivida’s patented GRAINZYME feed additive enzymes for use with poultry and swine and to support product development for dairy and beef cattle. The University of Texas Investment Management Co. led the round and was joined by current investors ARCH Venture Partners, Cultiv

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