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- UniFAHS raises $1.4 million in seed capital to scale up technology using bacteriophages for sustainable agriculture
BANGKOK, Jan. 9, 2024 /PRNewswire/ -- UniFAHS, a pioneering biotech company specializing in bacteriophages for sustainable agriculture and food security, today announced that it has raised more than $1.4 million in its seed funding round . This important step propels the company in its mission to grow and transform food production through sustainable and environmentally friendly approaches.
The funding round, led by A2D Ventures and supported by contributions from Asian Development Bank Ventures (ADB Ventures) and InnoSpace (Thailand), underlines strong confidence in UniFAHS's innovative approach and future potential. A2D Ventures is a leading community-based early-stage investment platform that aims to combat the fragmentation of investment opportunities and democratize access to them.
"We are delighted to lead and syndicate this strategic investment opportunity in UniFAHS, recognizing the synergies between its innovative technology and the scientific prowess of its founders. This investment underlines our full confidence in the potential of Thai founders and Thai-based startups. Thailand to redefine and recreate the industry, offering solutions that can be exported to global markets and quickly achieve substantial growth," explained Ankit Upadhyay, Founder and CEO of A2D Ventures.
Co-founded by Dr. Kitiya Vongkamjan, a graduate of Cornell University (New York, USA) and a leading figure in phage research and food safety, and Chalita Wongpukdee, who brings her experience in marketing and sales in the agri-food sector With extensive contacts in the fields of agriculture, food and feed and animal health, UniFAHS's patented phage solutions are at the forefront of the fight against antimicrobial resistance (AMR) and the promotion of environmentally friendly agricultural practices. with the weather. Dr Vongkamjan commented: "Our vision at UniFAHS is to create a sustainable future for food production. This funding is a financial boost and strong support for the potential of our phage technology to revolutionize the agriculture and food security sectors." .
Recognized as one of the top 10 livestock management startups globally by StartUs Insights in 2023, Dr. Vongkamjan and her team continue to drive innovative biotech research in this area and redefine the landscape for sustainable food production. This investment serves as a catalyst that will enable the company to expand its production capacity and extend its reach across Southeast and South Asia, working closely with its distribution partners to expand customer segments by 20% by 2024. to have a significant impact on global food production.
As UniFAHS embarks on a journey of growth and expansion, ADB Ventures has emerged as a key partner, bringing financial support and a wealth of experience and global connections – with both companies sharing a united commitment to prioritizing environmentally friendly practices. environmentally friendly and socially responsible in the pursuit of economic growth.
"UniFAHS's innovative solutions represent a transformative opportunity in the food and agriculture sectors, significantly reducing our reliance on antibiotics. We believe UniFAHS has the potential to significantly impact our region's climate. We are excited to support the expansion of UniFAHS across Asia," said Thitirat Sittakaradej, investment specialist at ADB Ventures.
To date, UniFAHS has managed to partner with the main poultry producers in the region. Harnessing the power of phages, UniFAHS offers an innovative approach to address the pressing challenges of combating bacteria and combating antimicrobial resistance in agriculture and animal health.
InnoSpace (Thailand) also underlined its strategic commitment: "Our investment in UniFAHS is driven by the commitment to foster sustainable solutions to global challenges. We are very pleased to support the UniFAHS journey, providing the team with the means to accelerate development and implementation of its cutting-edge phage solutions.
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UniFAHS is a pioneer in the application of phage technology, ensuring the sustainable production of safe food from farm to fork, promoting the holistic concept of "One Health" and actively combating the global challenge of antimicrobial resistance. The company is dedicated to shaping a brighter, more sustainable future through cutting-edge phage technology to improve the well-being of communities and ecosystems as a “One Health” approach.
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