France
Elicit Plant is emerging as a disruptive force in the Agriculture and Biotechnology sectors, with its innovative focus on phytosterol-based solutions designed to enhance crop resilience. Established in 2017 and headquartered in France, this AgriTech pioneer seeks to combat water stress in plants, a critical issue amid growing climate challenges.
The company's patented technology revolves around the application of exogenous phytosterols, aimed at reducing water stress and boosting yields during drought conditions. This approach not only promotes efficient water usage but also increases agricultural sustainability.
With a fresh infusion of €45.00M from a Series B investment on 01 November 2024, supported by prominent investors like Bpifrance, Sofinnova Partners, European Circular Bioeconomy Fund, and Carbyne Partners, Elicit Plant is well-positioned to scale its innovative solutions, potentially redefining traditional agricultural methods.
