Terramera has raised $1.8 million in initial financing. Terramera is developing innovative naturally-derived alternative solutions to traditional chemical pesticides.
The Company’s initial financing round generated significant interest reflecting the market’s excitement and confidence in the Company’s planned 2012 product launch.
“Investor interest exceeded my expectations, and reflects the strong support in our technology and management,” said Founder and CEO, Karn Manhas.
The net proceeds of the financing will be used for continued product development and expanding the Company’s sales and operational capabilities.