Invasive Species Corp., a biological controls firm based in Davis, has successfully concluded a $2.5 million pre-seed funding round provided by Silverstrand Capital, a Singapore-based investor.
Pam Marrone, the executive chairperson and co-founder of Invasive Species Corp., revealed that the investment will be allocated to the commercialization of some existing products and the development of new solutions for combating invasive species. The focus is on utilizing biological controls instead of harsh chemicals.
Peter Kennedy, director at Silverstrand Capital and an early investor in Marrone’s previous venture, Marrone Bio Innovations Inc., expressed confidence in Marrone and her team’s expertise. In a news release, Kennedy stated, “I have known and invested with Pam for many years, and we believe her team has the experience needed to address one of the largest and most underserved opportunities in the ag-tech space.”