moa Raises $44M in Series B Funding to Develop Next Generation of Safe and Sustainable Crop Protection Products

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The funding round was co-led by new investor Lansdowne Partners, one of Great Britain leading asset managers, as well as existing investors, Oxford Science Enterprises, an investment company created to found, finance and grow businesses through its unique partnership with the University of Oxford; and Parkwalk Advisors, the largest EIS growth fund manager focused on college spinouts. Existing investors BGF Investments, Bits x Bites Growth Fund, IP Group and University of Oxford also participated.

moa is leading the evolution of an industry by studying nature’s design for a new generation of safe and sustainable herbicides to solve an urgent problem that threatens the viability and security of food production around the world. entire. Effective and safe weed control is essential to produce enough food for a growing world population – without it around 40% of crop yields can be lost. However, in a dynamic similar to that driving the antibiotic resistance crisis affecting healthcare, an innovation drought has forced the industry to rely on a small number of similar products, from existing weed control chemicals rapidly lose their effectiveness due to changing weed resistance. Despite the urgency, no major new herbicide that works in a new way that can break down resistance has been introduced to the market in the last thirty years.

out of Oxford University in 2017, moa developed a unique plant-based approach to revolutionize the process of discovering new modes of action which can solve the resistance challenge. moa’s three proprietary platforms, GALAXY, TARGET and SELECT, uniquely use miniaturized live plants in combination with cutting-edge techniques in genetics, phenotypic analysis and data analysis to rapidly screen hundreds of thousands of natural chemicals and synthetics in order to find those that work differently. In its first two years, the approach has already produced an order-of-magnitude increase in the rate of discovery of those new interactions between plant chemistry and biology that have the potential to control weeds in safe new ways. .

Virginia CorlessCEO of moahsaid: “We are delighted to have completed this round of funding, which will allow us to accelerate the development of the most promising leads from our abundant pipeline and deliver the safe and sustainable new products we all need: farmers, consumers, all anyone who cares about the food we grow and eat – so we can rely on a safe, reliable and resilient agricultural industry for the future. We are delighted to welcome Lansdowne’s new investment and are grateful for the continued support of our existing investors. “

Hadyn Parrypresident of moahadded: “Global agriculture needs a new green revolution if we are to sustainably feed the world. Being able to control weeds is critical to both the yield and cost of production of most crops and new modes of action for herbicides are essential. It is very exciting to see moa begin to play its part in this new revolution by advancing so far in such a short time.”

The investment will allow moa to advance its pipeline of leads to the next stage of development and further expand its prolific high-throughput in vivo screening platforms.

Martin FiennesDirector at Oxford Science Enterprises and Non-Executive Director at moahsaid “There have been tremendous advancements in the development of the mode of action discovery platform since we helped moa spin off from from Oxford Department of Plant Sciences. It’s very exciting to see production from the platforms now starting to show the new modes of action for effective and clean herbicides that farmers desperately need. »

Cassie Doherty at Parkwalk Advisors and Non-Executive Director at moah, added “Parkwalk is delighted to offer its continued support to moa, helping to advance the development of their new technology which is so essential to farmers across the UK and around the world. We have always believed that moa’s tireless efforts to fighting for global food security will lead to a better future”

Over the next few years, moa’s pipeline is expected to produce several new candidates to move into development and recording. The company is pursuing a series of business opportunities, including collaborations, joint ventures and downstream partnerships to bring its portfolio to market, with the aim of providing farmers with the tools they need to counter resistance as quickly as possible. and ensure the resilience of our food. Production system.

About moah

moa Technology Limited is leading the evolution of ethical and collaborative crop protection to feed the growing world population efficiently, safely and sustainably.

From from Oxford University Department of Plant Sciences in 2017 from pioneering research by the co-founders Professor Liam Dolan FRSand Dr. Clement Champion, moa was created to meet the challenge of increasing weed resistance levels to herbicides. The company has developed its own discovery platforms and is focused on discovering a new generation of sustainable herbicides from natural and synthetic chemistry.

At moa, we are working hard to solve a pressing global problem with new mode-of-action herbicides that respect human and environmental health, help farmers with better products to face the challenge of food supply safely, consistently and effectively, and advancing the industry with a collaborative integrated weed management approach.

About Oxford Science Enterprise

Oxford Science Enterprises is a science-based enterprise builder with a unique partnership with the University of Oxford and a commitment to help solve the world’s toughest problems for more people, in more places, faster. It does this by transforming cutting-edge science into world-changing companies, pairing the best scientists from the world’s best university with the best minds in business. Oxford Science Enterprises develops its businesses with care and expertise, investing for real impact, not just financial returns, and reinvesting profits into the next generation of original research and world-changing businesses.

Since 2015, the company has received automatic participation in all Oxford University scientific spinouts – and has played a leading role in creating and building companies that address issues that affect people in life-changing ways: their health, the availability of food, the survival of the planet.

Learn more: oxfordscienceenterprises.com | Twitter | LinkedIn

About Parkwalk Advisors

Parkwalk is the largest growth EIS fund manager, supporting breakthrough technologies emerging from leading UK universities and research institutes. With £400m in assets under management, it has invested in over 150 companies through its Parkwalk Opportunities and Knowledge Intensive EIS funds, as well as the award-winning enterprise and innovation funds that Parkwalk manages for universities of Cambridge, Oxford, Bristol and the Imperial College.

Parkwalk invests in companies that create solutions to real-world challenges, with IP-protected innovations, in various sectors, including life sciences, AI, quantum computing, advanced materials, genomics, clean technologies, the future of mobility, medical technologies and big data

About Lansdowne Partners

Lansdowne Partners is one of the UK’s oldest and most established alternative asset managers, focusing on public and private market equities.

SOURCEmoa Technology Ltd

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