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Agrivida Inc., a Medford-based developer of new crop varieties for biofuels production, has raised $2 million of a planned $8 million equity funding round, according to a regulatory filing.
The company is backed by Kleiner Perkins Caufield & Byers, Prairie Gold Ventures, DAG Ventures, Presidio Ventures, NorthGate Capital and incTank Ventures, according to its website. In addition to CEO Mark Wong, founder and president R. Michael Raab and co-founder and vice president Jeremy Schley Johnson, Agrivida lists on its U.S. Securities and Exchange Commission filing as related persons: David Summa of San Francisco-area business development consultancy Technology Pathfinders, Paul Batcheller of PrairieGold Venture Partners, Ethanol Energy CEO Edward Shonsey, Greg Williams of DAG Ventures and Jim Barber, former Metabolix Inc. president and CEO.
Last December, Agrivida announced a collaboration with Syngenta Ventures to create new forms of corn and switchgrass, among other crops, that will provide low-cost sugar for industrial use.
The Medford company has taken in funding in the last two years from the U.S. Department of Agriculture, which awarded Agrivida a $2 million grant, and from the U.S. Department of Energy, which gave it a $4.6 million Advanced Research Project Agency-Energy award.
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