Fundraising Fox

Agrivida

Acquired

Massachusetts, US · Delaware corporation · 9 known investors

Agrivida develops enzyme technology for animal feed and nutrition, improving efficiency in poultry, swine, and other livestock production. The company applies biochemical research to create solutions that enhance sustainable food production.

Also known as Agrivida Inc. · Agrivida, Inc.

Founders & leadership

RM
R. Michael RaabCo-founder
DM
Daniel MeagherCo-founder
JSJeremy Schley Johnson
Jeremy Schley JohnsonExecutive
JB
Jim BarberNamed on SEC filing
RR
R. RaabNamed on SEC filing
EM
Edward McMillanNamed on SEC filing
SD
Sulkhan DavitadzeNamed on SEC filing
MW
Mark WongNamed on SEC filing
DM
Daniel Michael MeagherNamed on SEC filing
ES
Edward ShonseyNamed on SEC filing

Board

RJ
Rob JohnsonBoard director
MA
Mark AustinBoard director

Investors · 9

Also in the syndicate · 5

Batios Holdings LimitedCultivian SandboxMaschhoff's Agricultural HoldingsOpen Prairie Rural Opportunities FundleadSyngenta Ventures

Reported raises · per SEC filings

Form D private placements

$38.9M disclosed across 5 of 6 rounds · 2014–2019

$3.9MraisedJun 2019 · 19 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • R. Michael RaabExecutive Officer
  • Andrew AshworthExecutive Officer
  • Rajiv SinghDirector
  • Ronald MeeusenDirector
  • Edward McMillanDirector
  • Clinton BybeeDirector
  • Daniel MeagherExecutive Officer, Director
Offering amount
$20M
Amount sold
$3.9M
First sale
May 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1MraisedOct 2018 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Edward L. McMillanDirector
  • R. Michael RaabExecutive Officer
  • Clinton BybeeDirector
  • Ronald MeeusenDirector
  • Andrew AshworthExecutive Officer
  • Robert BucklinDirector
  • Daniel MeagherExecutive Officer, Director
Offering amount
$2M
Amount sold
$1M
First sale
Oct 2018
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$20.4MraisedSep 2016 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jeremy Schley JohnsonExecutive Officer
  • Edward McMillanDirector
  • R. Michael RaabExecutive Officer
  • Daniel MeagherExecutive Officer, Director
  • Robert BucklinDirector
  • Clinton BybeeDirector
  • Rob JohnsonDirector
  • Ronald MeeusenDirector
Offering amount
$25M
Amount sold
$20.4M
First sale
Aug 2016
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$12.3MraisedJan 2015 · 12 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Rob JohnsonDirector
  • R. Michael RaabExecutive Officer
  • Daniel MeagherExecutive Officer, Director
  • Mark AustinDirector
  • Robert BucklinDirector
  • Ron MeeusenDirector
  • Brian MixerDirector
  • Jeremy Schley JohnsonExecutive Officer
Offering amount
$21.3M
Amount sold
$12.3M
First sale
Dec 2014
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.2MraisedOct 2014 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jim BarberDirector
  • R. RaabExecutive Officer, Director
  • Edward McMillanDirector
  • Rob JohnsonDirector
  • Jeremy Schley JohnsonExecutive Officer
  • Sulkhan DavitadzeDirector
  • Mark WongDirector
  • Robert BucklinDirector
  • Daniel Michael MeagherExecutive Officer, Director
  • Edward ShonseyDirector
Offering amount
$1.6M
Amount sold
$1.2M
First sale
Sep 2014
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Agrivida is a biotechnology company in animal health and nutrition that developed a platform for expressing enzymes and other functional proteins inside grain, marketed under the INTERIUS technology name and commercialized as GRAINZYME. Its lead product, GRAINZYME Phytase, is a corn-based feed additive in which phytase is produced within the corn kernel itself, so that feed formulators can substitute a small amount of GRAINZYME corn for conventional corn instead of dosing a separately manufactured enzyme. The company describes the approach as the first corn-based enzyme platform offered to animal nutritionists and feed formulators, and cites glucanase and other enzymes as additional targets [0][1][3][4].

The company positioned the technology as an alternative to fermentation-based enzyme manufacturing, arguing it is less resource-intensive and reduces processing and coating steps. Claimed livestock benefits include improved nutrient utilization, digestibility, feed conversion ratio and animal performance, along with reduced excretion of phosphorus, nitrogen and undigested carbohydrates. Agrivida's initial focus was poultry and swine nutrition, with stated expansion intent into dairy and beef cattle and aquaculture, and a longer-term roadmap of other specialty feed ingredients and animal health products from the same platform [0][1][2][3][4].

Following the 2023 acquisition by Novus International, the platform was described as extending beyond enzymes to single-domain antibodies embedded in grain, aimed at antibiotic-reduced and antibiotic-free production systems, with the possibility of stacking multiple antibodies and/or enzymes in a single corn product [7].

Founding story

Agrivida was founded in 2003 by scientists from the Massachusetts Institute of Technology whose research focused on improving the manufacture and use of enzymes; the venture was based on the founders' work at MIT. It joined the MIT Venture Mentoring Service in 2003. Novus's 2023 acquisition release identifies R. Michael Raab and Jeremy Schley-Johnson as founders, with Raab also serving as chief technology officer [2][5][6][7].

Business model

Agrivida operated as a privately held biotechnology company selling a grain-based feed additive to livestock feed and production customers. GRAINZYME corn is grown on the company's/partner farms, moved directly to feed mills, and ground into feed rations at low inclusion rates, replacing separately purchased enzyme supplements. The company also pursued strategic collaborations with poultry producers and a commercial partnership with Novus International for product sales [0][1][3][4][7].

Revenue derived from sales of corn-based feed additive products, principally GRAINZYME Phytase, into poultry and swine feed markets; the company reported commercial revenue growth in poultry as of 2019. Sales were also supported through a commercial partnership with Novus International beginning December 2020 [3][4][7].

Traction

Commercial deployment in more than 50 million chickens as of December 2019; commercial revenue growth in poultry, FDA CVM approval for swine sale in July 2019, GRAS status for swine, USDA APHIS deregulation effective September 2021 permitting nationwide cultivation, and early-stage R&D progress on animal health and ruminant additives and forages. The company was named to Real Leaders' 200 Top Impact Companies list for 2022 [3][4].

Latest developments

In January 2023 Novus International acquired Agrivida Inc., including its Massachusetts and Nebraska operations and the INTERIUS technology; financial terms were not disclosed. Agrivida's team, including founders R. Michael Raab and Jeremy Schley-Johnson, joined Novus, where the platform is being extended from enzymes to single-domain antibodies embedded in grain for antibiotic-reduced and antibiotic-free production [7].

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Agrivida described GRAINZYME as the first corn-based enzyme platform available to animal nutritionists and feed formulators, positioned against conventional fermentation-produced feed enzymes. It reported commercial use in over 50 million chickens by December 2019 and was characterized by its acquirer as a start-up whose bandwidth to develop and commercialize products was limited by its resources and lack of global reach prior to the acquisition [0][3][7].

Enzymes are produced within the corn kernel rather than by fermentation, removing separate manufacturing, coating and blending steps, enabling delivery of a customized enzyme payload with the grain itself, providing nutrient credits that conserve ration space, and, per the acquirer, allowing more efficient absorption and the potential to stack multiple functional proteins in a single ingredient [0][1][3][7].

Technology

The core technology, later branded INTERIUS, engineers corn plants to express enzymes and other functional proteins directly inside the kernel rather than producing them by microbial fermentation. High enzyme concentration allows 2 to 4 pounds of ground GRAINZYME corn per ton of feed to deliver super-dosed phytase levels, while the corn itself provides nutrient credits within the ration. The platform is described as extensible to customized enzyme payloads such as glucanase and, under Novus, to single-domain antibodies and stacked enzyme/antibody combinations in one corn ingredient [0][1][3][7].

Go-to-market

Agrivida marketed directly to commercial poultry and swine operations, running commercial trials with producers and pursuing strategic collaborations, and supplied ground GRAINZYME corn to feed mills. From December 2020 it used a commercial partnership with Novus International to support sales of GRAINZYME. It also publicly solicited strategic partners and investors via its website [0][1][3][4][7].

Livestock producers, feed mills, animal nutritionists and feed formulators, initially in poultry and swine, with stated expansion targets in dairy and beef cattle and aquaculture; the company also sought swine producers to run commercial trials [0][1][2][3][4].

Geography

Operations in Massachusetts and Nebraska at the time of the 2023 acquisition; press releases in 2019 and 2021 were issued from Woburn, Massachusetts, and a January 2022 release from Boston, Massachusetts. A 2019 investor release listed headquarters in Village of Four Seasons, Missouri. USDA deregulation permits GRAINZYME Phytase corn to be grown anywhere in the United States, and the company stated global market ambitions in poultry and swine [3][4][7].

History

After its 2003 founding, Agrivida worked on projects ranging from improving biofuel production to addressing enzyme use in consumer products, earning research grants from the U.S. Department of Agriculture and the U.S. Department of Energy. It later concentrated on feed enzymes, obtaining FDA Center for Veterinary Medicine approval for GRAINZYME Phytase sale into US swine on July 8, 2019, and announcing swine availability in December 2019 following GRAS status. In July 2019 it launched a $20 million financing round led by the Open Prairie Rural Opportunities Fund. A commercial partnership with Novus International began in December 2020; USDA APHIS deregulation of GRAINZYME Phytase took effect September 21, 2021; and Novus International acquired the company in January 2023 [2][3][4][6][7].

Risks & controversies

The product is a genetically engineered crop subject to regulatory review; Agrivida voluntarily sought USDA APHIS deregulation and completed an FDA Biotechnology Notification review of food and feed safety before its enzyme corn could be grown without restriction in the United States. Prior to acquisition, the company's CTO stated that its ability to develop and commercialize products was limited by its resources and global expertise [3][7].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Chickens commercially fed GRAINZYME PhytaseDec 201950,000,000 chickens
Cumulative follow-on funding cited by investor incTANK/NewBridgeJan 2023$60M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 3

by search overlap

Companies competing with Agrivida for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 7

launches, deals, and filings
Jan 2023
Novus International acquires Agrivida

Novus International, Inc. announced the acquisition of Agrivida Inc., taking ownership of the INTERIUS technology for embedding feed additives inside grain. The deal included Agrivida's operations in Massachusetts and Nebraska, and the Agrivida team, including founders R. Michael Raab (also CTO) and Jeremy Schley-Johnson. Financial terms were not disclosed.

source ↗

Jan 2022
Named to Real Leaders 200 Top Impact Companies list of 2022

Agrivida was named to Real Leaders' 2022 Top Impact Companies list, with honorees recognized at a virtual ceremony on February 24, 2022.

source ↗

Sep 2021
USDA APHIS deregulation of GRAINZYME Phytase effective

The USDA's Animal and Plant Health Inspection Service deregulated GRAINZYME Phytase effective September 21, 2021 (announced October 1, 2021), allowing the crop to be grown anywhere in the United States without restriction. Agrivida participated in the APHIS process voluntarily; the action followed an FDA Biotechnology Notification review of food and feed safety.

source ↗

Dec 2020
Commercial partnership with Novus International to support GRAINZYME sales

Novus International began a commercial partnership with Agrivida in December 2020 to support the sale of Agrivida's flagship product GRAINZYME.

source ↗

Dec 2019
GRAINZYME Phytase made available for swine operations

Agrivida announced availability of GRAINZYME Phytase for swine operations following receipt of GRAS status from the FDA, and sought swine producers for commercial trials. Next steps cited included pelleting trials and animal performance studies versus traditional phytase products.

source ↗

Jul 2019
Agrivida launches $20 million financing round with $8 million first close led by Open Prairie

Open Prairie Rural Opportunities Fund led Agrivida's financing round, contributing $3 million of an $8 million first close of a targeted $20 million round. Existing investors ARCH Venture Partners, Batios Holdings Limited, Cultivian Sandbox, Syngenta Ventures, Maschhoff's Agricultural Holdings and Middleland Capital participated. Proceeds were designated for R&D platform expansion and commercialization of GRAINZYME Phytase in global poultry and swine markets.

$8M source ↗

Jul 2019
FDA Center for Veterinary Medicine approval for sale of GRAINZYME Phytase into US swine

Agrivida received approval from the U.S. Food and Drug Administration Center for Veterinary Medicine on July 8, 2019 for sale of GRAINZYME Phytase into the US swine market.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
AgrividaDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Agrivida do?
Agrivida, an MIT-founded biotech, grew feed enzymes inside corn kernels and was acquired by Novus International in 2023.
Who founded Agrivida?
Agrivida was founded by R. Michael Raab, Daniel Meagher.
Who are Agrivida's investors?
Agrivida's investors include Middleland Capital, Presidio Ventures, ARCH Venture Partners, Cultivian Sandbox Ventures.
How much funding has Agrivida raised?
Agrivida has disclosed $38.9M raised across 5 of its 6 known rounds.
Where is Agrivida headquartered?
Agrivida is headquartered in Massachusetts, US.