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Cultiva Collects New Venture Financing

Monday, July 20, 2015 5:46:00 AM PDT | VentureDeal
   Las Vegas, Nevada  --  Agriculture technology company Cultiva has landed $3.95 million in new venture funding.

Cultiva has developed a food-grade biofilm that can be used as a natural replacement for waxes that farmers treat agriculture products to keep them growing and edible for longer periods of time.

The Nevada New Markets Tax Credit fund made the investment.

The company said the funding would finance the transfer of its production process to internally-run production facility located in Las Vegas.

CEO Luis Hernandez also co-founded the company in 2011.

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