A Founder’s Journey: Financial and Legal Milestones

Dr. Fatma Kaplan is honored to be invited to AgStart’s Founder Education workshops.  Dr. Fatma Kaplan, CEO of Pheronym, will describe her company’s journey through a series of legal and financial milestones as her company has progressed, including corporate organization and re-organization, intellectual property filings, working with an accelerator, two different financing transactions, and a host of partnering agreements with government, corporate and other players for services, testing, and collaboration while protecting her company’s interests.

Entrepreneurs anticipating similar milestones in their future come and talk to us at Greenberg Traurig, LLP (1201 K Street, 12th Floor Conference Center, Sacramento, CA 95814) on Wednesday, November 13, 2019, at 6:00 PM – 8:00 PM PST.

Women in science: Forging the way for eco-friendly sustainable pest control

It’s not every day a pioneer in a biopesticide market, Dr. Pam Marrone, agrees to be your business mentor. Biopesticides provide eco-friendly and sustainable alternatives to farmers for pest management. Biopesticides have two major groups: 1- Agbiologicals/biocontrol agents such as bacteria, nematodes, and fungus, and 2- Agbiochemicals including soap, extracts from other microorganisms or plants, and pheromones.

Recently, Dr. Frances Arnold, a Nobel Prize-winning woman, started an insect pheromone company because she also saw the value biopesticides bring to agriculture, our environment, and health.

Very recently, I, Dr. Fatma Kaplan, started a nematode pheromone company, Pheronym, Inc. which is bringing a new kind of pheromone to the market as an eco-friendly sustainable solution. It was an idea two years ago. Now, in 2019, through development and testing, it is a proven technology.

Dr. Pam Marrone, CEO of Marrone BioInnovations
We are very excited Dr. Pam Marrone saw the potential of our technology and agreed to be our mentor. Pam has a deep knowledge of how biologicals work in the field. She knows how to successfully develop biopesticide products and enter the market. At the same time, she has experience building multiple companies from scratch to growth with successful exist; AgraQuest was acquired by Bayer Crop Sciences for nearly $500 million and Marrone Bio Innovations was listed on NASDAQ in 2013, the only pure play listed biopesticide company. Furthermore, very few CEOs have the experience to successfully navigate their companies through economic downturns and even fewer have run a startup. Pam has the right skills to help Pheronym grow to a substantial company. To top it off, Pam envisions a flourishing agricultural technology ecosystem in the Sacramento-Davis area. She is also a role model for women in leadership, is a longtime Treasurer of the Association for Women in Science, and a supportive mentor and sponsor. We are delighted that Dr. Pam Marrone is Pheronym’s business mentor.

Pheronym is an agricultural biotechnology company that uses pheromones for eco-friendly pest management solutions. The company’s technology improves plant health and crop yield using a new pheromone that controls pest insects and parasitic roundworms called nematodes. Pheronym improves the effectiveness of good (beneficial) nematodes to control insect pests in the soil and prevents bad nematodes from attacking our crops by protecting their roots.

Pheronym is unique in a number of ways. 1- The pheromones we are using are from microscopic roundworms, called nematodes. Unlike other pheromone companies, they are not derived from insects for mating disruption. 2- They are water-soluble and target pests in the soil. 3- We have different application methods — the first to be soil-applied — compared to other pheromones in the market that target above-ground pests.

Insect pheromones have not reached their full potential, although they have worked well. They are eco-friendly and species-specific, meaning do not harm non-target insects. Now Dr. Frances Arnold, a Nobel laureate, is taking the leadership to make the insect pheromones reach their full potential with the startup Provivi. These are exciting times for pheromones in the biopesticide industry.

As for Pheronym, we are raising funds to scale up and commercialize the nematode pheromones for pest insect and nematode control. We will bring nematode pheromones to their full potential on earth and in space when humans colonize the Moon and Mars. Pheronym will be sending the first agriculture biocontrol experiment to the International Space Station on Dec 4, 2019. In the meantime, we are utilizing the knowledge we gain from space experiments for our product development on Earth.

Field trials against citrus diaprepes weevil in Florida

Preparing Nemastim to ship to our partners at the USDA so they can conduct field trials in Florida orchards. It is a great pleasure to move forward with field trails after our successful greenhouse trails which prepared us to enter the greenhouse growers market to bring the first nematode pheromone to the market.

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We are excited to help Florida citrus farmers to fight the invasive Citrus Diaprepes weevil which attack’s 270 plant species including citrus, sugarcane, strawberry,  potato, mahogany, ornamental plants, papaya and more.

Currently, we are raising our seed round to scale up our manufacturing.