Fertilizer Startup Pivot Bio Shows Deep Tech Investing Can Yield Social Benefits, VC Backer Says

Agricultural technology startup Pivot Bio this week raised $430 million to accelerate the commercialization of its innovation: microbial products that prompt crops to self-fertilize, letting farmers do without conventional fertilizers that cause environmental damage.

Synthetic nitrogen fertilizers are widely used to boost crop yields, but they cause greenhouse-gas emissions and are associated with water contamination and other environmental harms. Pivot Bio has developed microbes that react to crops’ nutritional needs to convert...

Source : https://www.wsj.com/articles/fertilizer-startup-pivot-bio-shows-deep-tech-investing-can-yield-social-benefits-vc-backer-says-11626889964