Performance Plants Inc. develops and patents stress-resistant crop seed technologies, including its Yield Protection Technology (YPT®), designed to improve tolerance to drought and speed recovery after watering. Its traits are being evaluated internally and in partnership with major seed companies such as DuPont business Pioneer Hi-Bred, Syngenta Biotechnology, Stine Seed Company, RiceTec Inc. and The Scotts Miracle-Gro Company. PPI is conducting multi-year field trials of YPT® corn in the United States (third year) and planned trials in South America later in the year. The company is also developing non-food biomass crops — switchgrass, Miscanthus and hemp — for biofuels and industrial feedstock use, and has a multi-year agreement with Lafarge Canada to grow biomass for a cement plant in Bath, Ontario. PPI recently purchased a biotechnology research facility in Waterloo, New York to serve as its biofuels research center. The company completed a $13 million equity financing to accelerate commercialization of its food crop traits, expand its trait portfolio, and develop its biofuels business and industrial partnerships.

Total raised

$13M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2023