Anuvia Plant Nutrients Raises $23 Million in Equity
Anuvia Plant Nutrients, the Florida-based plant nutrient company, announced today that it has secured an additional $23 million in equity capital from current investors. This new funding will allow Anuvia to further accelerate its growth opportunities; utilization of food waste, the development of a liquid product and expansion into international markets. The funding will also support project development for construction of a second plant which will further enable growth in the agricultural, professional turf and consumer lawn care markets.
Anuvia Plant Nutrients CEO Amy Yoder says, “We are pleased by the confidence our investors have shown in our growth plans. Their deep industry knowledge and partnership will help us execute our plan of continued expansion of the Anuvia brand, both domestically and globally.”
Anuvia’s products are based on an innovative technology in which organic waste materials are consumed and processed into a homogenous multi-nutrient enhanced efficiency fertilizer. Their sustainable products contribute to a healthier environment, improved soil health and plant growth.
The $23 million capital raise was led by TPG ART with participation by existing investors, including significant increases by Osceola Capital and Pontifax AgTech.
Anuvia Plant Nutrients opened its first state-of-the-art specialty fertilizer production facility in Zellwood, Fla. in April 2016. The plant is expected to produce 80,000 tons of product annually.
As the agriculture and turf sectors work hard to improve fertilizer efficiency and reduce its environmental impact, interest in Anuvia’s technology and products will continue to grow. “This follow-up investment is just one more indicator that Anuvia is on the right track to provide a fertilizer solution that is needed in an environmentally responsible way,” says Yoder.