Corteva, Inc., through its Corteva Catalyst platform, led a new funding round for Puna Bio, an Argentina-based agricultural technology company. Puna Bio specializes in biological solutions for regenerative agriculture, utilizing extremophile organisms to enhance nutrient uptake, stress tolerance, and crop quality. This investment will support the further development of Puna Bio's product portfolio.
Puna Bio's innovative biological seed treatments are based on unique bacteria isolated from the high-altitude desert of La Puna, Argentina. These solutions have demonstrated the ability to maximize productivity by 10 to 15 percent in fertile soils and revitalize degraded soils that are typically too acidic or salinized for productive farming. This technology addresses global challenges of land degradation and extreme weather patterns.
The new capital infusion will enable Puna Bio to focus on deeper innovation and product development, as well as expand its business into key markets including the United States, Brazil, and Paraguay. Corteva's investment highlights its commitment to fostering sustainable agricultural practices and enhancing farmer profitability through advanced biological inputs.
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