RALEIGH – Harpe Bioherbicide Solutions, Inc., a Raleigh-based company that provides sustainable weed-management solutions for organic and industrial agriculture, has raised $1.1 million in debt financing, and could raise up to $1.9 million in additional funding, according to an SEC filing.
Four investors participated in the round, according to the filing, signed Monday by an attorney for the firm.
The company takes its name from Greek mythology, according to its website. “In Greek mythology, the harpe sword or sickle was used by Perseus to behead Medusa,” the website reads. “Look closely at Medusa’s pernicious hair—and think pigweed.”
“Field trials show that Harpe bioherbicide provides effective weed kill, not only for pigweed, but for a wide spectrum of weeds, including resistant biotypes, and other weeds that interfere with healthy crops,” the website reads.
The company notes on its website that its products are based on technologies demonstrated to be a “natural partner in the battle against weeds and weed resistance.”
The company brought former Bayer CropScience LP executive Bill Buckner in as CEO in 2020, according to a biography posted on the company website. The company previously raised $770,000 in equity from 16 investors, closing the round in November 2020, according to an SEC filing.
The company is associated with Research Triangle Park-based Termir Miracula, listed as “promoter” on each SEC filing. The Termir website includes a brief overview of the company, and has since at least November 2020. Termir Miracula won the Alexandria LaunchLabs 2020 Ag-Tech Innovation award, according to the company’s website.
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About Harpe Bioherbicide Solutions
Harpe Bioherbicide Solutions, Inc. is an ag tech company focused on providing natural and sustainable herbicide solutions to expand and provide new opportunities for organic agriculture while reducing, replacing, and synergizing with synthetic chemical use in row and specialty crop, commercial and consumer markets. The result will support farmers’ success by overcoming current weed-control challenges and provide new sustainable farming practices to advance our food supply while improving the environment by decreasing the need for synthetic chemistry products. Learn more about Harpe Bioherbicide Solutions, Inc. at harpebio.com or follow us on social media at LinkedIn or Twitter.
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Daniel Pepitone