BioLumic raises US$5M for UV crop enhancement system

BioLumic raises US$5M for UV crop enhancement system
Rebecca Howard
By Rebecca Howard March 15 (BusinessDesk) - BioLumic has raised US$5 million in funding to help deal with growing global demand for increased agricultural crop yields using short-duration ultra-violet treatments rather than genetic modification or chemicals. The Palmerston North-based company, creator of the world’s first crop-yield enhancement system using UV light, attracted funding from Silicon Valley agritech investor Finistere Ventures, the Radicle Growth acceleration fund whose investors include Finistere, Rabobank’s recently-launch...