Biotech company ZeaKal has gone public revealing that it has settled on a Series C financing round which offers high hopes for hemp. The San-Dieo biotech startup company mainly focuses on improving genetic crop traits photosynthesis rates through neatly tweaking them.
The Series C financing round is worth $15 million. However, it includes $10 million strategic investment from Canopy Rivers as announced in the beginning of the year. Also, the round has its two main investors as Middleland Capital and Finistere Ventures.
Improving the Photosynthesis Rates
ZeaKal targets improving the crops photosynthesis rates due to two primary reasons. First, the photosynthesis rates of the modern crops still falls below the genetic potential. Also, there is still unnoticeable efforts on how plants can increase their effectiveness in creating energy despite individuals optimizing the way plants store the energy.
With such situations, ZeaKal seeks to improve the photosynthesis rates of genetic and modern crops using PhotoSeed. PhotoSeed refers to the next generation technology trait which is responsible for increasing photosynthesis rates at sustainable extent. Also, it is responsible for improving the compositional quality of the crops in their seeds.
ZeaKal PhotoSeed is effective in the cannabis sector for it will initiate the production of more yields, as much as twice. More so, ZeaKal PhotoSeed will act as a simple solution particually for complex solution in the cannabis sector. Affirming this, Mary Dimou who is the business development director at Canopy Rivers states that the ZeaKal PhotoSeed will be able to solve the very low hanging problems that the cannabis sector has been encountering for the last 80 years. As a result, ZeaKal PhotoSeed will help both cannabis and hemp gradually and quickly evolve to an extent of being produced legal and for long.
Indeed, ZeaKal raising $15 million Series C Funding is a great hope to and in the cannabis sector, especially through its PhotoSeed technology. The technology will not only solve the low hanging problems that the cannabis sector has been encountering for eight decades, but also help the evolution of both hemps and cannabis in the near future.