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Harpe Bioherbicide Solutions brings in $1.1M in debt financing

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Harpe Bioherbicide Solutions, Inc., a Raleigh, North Carolina-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.

Four investors participated in the round, according to the SEC filing. According to the company’s website, 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 company indicates 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. Harpe previously raised $770,000 in equity from 16 investors, closing the round in November 2020.

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