CoverCress Raises $2m to Develop Gene-Edited Cover Cash Crop
CoverCress (formerly Arvegenix) has closed a $2 million bridge investment round co-led by Bayer Growth Ventures and BioSTL’s investment arm BioGenerator. CoverCress is a plant breeding company using CRISPR gene editing tools to develop and grow a new cover crop based on the native plant pennycress. Dubbed Covercress, this new type of pennycress can provide corn and soy farmers with an off-season cash crop with biofuel applications.