Inari Agriculture, a Cambridge-based agtech startup that crafts “personalized seeds” for farmers, raised $45 million in a loan and security agreement with K2 HealthVentures (K2HV), a life sciences-focused investment firm.This round complements the $89 million the company raised in equity last August. It will be used to accelerate the development and commercialization of gene-edited crops that address the challenges of climate change and improve productivity.
Inari Agriculture unites biological and data sciences to provide scientists and farmers with new crops better suited for local environments. Its first generation of proprietary improved corn and soybeans is currently being tested in greenhouses.
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