Elo Life Systems raises $24.5m to support new sweetener, disease-resistant Cavendish banana
North Carolina-based Elo Life Systems has closed a $24.5 million Series A round to accelerate the development of a natural high-intensity sweetener ‘inspired by monk fruit,’ and Cavendish bananas engineered to resist the devastating Fusarium wilt fungal disease threatening global banana production.
The financing was led by existing investors including AccelR8, Novo Holdings
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