More funding for Venomix
The US insecticide development company, Venomix (Kalamazoo, Michigan), has received undisclosed funding from the US venture capital company, Open Prairie Ventures II (Effingham, Illinois). It is the second investment in Venomix’s first round of venture financing, following last year’s reported $2.25 million investment by Southwestern Michigan First ( Agrow No 520, p 4). Venomix is developing insecticides based on spider venom peptides. The first such products for agricultural use are due to be introduced in 2010. The company is also designing synthetic compounds to mimic the action of spider venom peptides.