Green biotech company BotanoCap has received a $4.2 million investment from Infinity Group. A little less than a quarter of the investment was made through a Chinese joint venture company established under the umbrella of the Infinity-Harbin fund. Founded in 2005, BotanoCap develops green solutions intended to replace toxic chemical materials currently used by the agricultural, veterinary and household product industries. The company’s technology creates modified release products based on natural ingredients. Applications include crop protection with bio-pesticides, water treatment and natural disinfection, among others.
BotanoCap plans to use the financing for further business development in China, Europe and the United States, as well as for patent application, maintenance and regulatory expenses.