EcoSMART Technologies develops proprietary pesticide products derived from natural plant oils and essential‑oil blends, positioning itself as a leader in safe, botanical pesticide solutions for residential, commercial, industrial and agricultural markets. Its active ingredients include synergistic blends of essential oils, many classified GRAS by the U.S. FDA and approved as direct food additives. The company says it has enabled an economic shift from synthetic to botanical pesticides. The recent financing will be used to fund operations, sales and marketing and to support ongoing organic growth. Management cited the facility’s role in addressing the significant seasonality in EcoSMART’s business and providing flexibility to respond to varying market conditions. EcoSMART Technologies is a provider of proprietary pesticide products derived from natural plant oils. The company offers a complete line of botanical pesticide products for residential, commercial, industrial and agricultural markets. EcoSMART aims to enable a realistic shift from synthetic to botanical pesticides across those markets. It recently closed financings totaling $4m to support growth and operations. The company will use the funds as growth capital and to support working capital requirements as it scales sales of its product line. CFO Mike Lemberg said Western Technology Investment has been a strong partner in providing the working capital needed to support rapid growth.

Total raised

$4M

Funding rounds

3

Latest round

Equity

Latest activity

Oct 2010