Nanoliquid ag input company Agua-Yield, Sandy, Utah, on Sept. 13 announced the close of its Series A investment round of $23 million. The company will leverage the funding to accelerate the global adoption of its nanoliquid solutions.
“The patented nano-based technology acts as a catalyst to traditional liquid agricultural fertilizers and crop protection products,” said CEO and Co-Founder Clark T. Bell. “This tech works with all traditional ag inputs by enhancing plant absorption of nutrients and efficacy of crop protectants. With our suite of 16 commercially available products, we have an answer for nearly every crop.”
“Aqua-Yield makes synthetic fertilizers and chemicals more efficient, increasing nutrient uptake and decreasing synthetic fertilizer use, resulting in more environmentally efficient and profitable farms,” said David Smith, Chief Strategy Officer for Larry H. Miller Co. (LHM), Sandy, Utah, an Agua-Yield investor.
The company said its products, which require just 2-6 ounces of its product per acre, are currently used on four million acres of farms and in more than nine countries. It said that between 2014-2021, it conducted more than 750 field trials that resulted in an average 3:1 return on investment for growers.
Since 2014, Aqua-Yield said its solution has reduced farmers’ use of micronutrients by up to 80% and use of macronutrients by up to 50%, increasing nutrient uptake, germination rates, crop yields, and growth cycles.
The round was led by LHM Co., with participation from Penny-Newman Grain Co., Fresno, Calif., and San Leonardo, an investment affiliate of The John and Katie Hansen Family Foundation, Tiburon, Calif.