UNIVERSITY PARK, Pa. — In the past year, State College-based Phospholutions has grown from seven to 20 employees, and recently raised $10.3 million in venture capital funding to support the development and growth of its RhizoSorb soil-enhancement technology across market segments and expand to global markets.
“From the moment I learned about the technology in the classroom through the point of raising this round of financing, I have been supported by the incredible staff and organizations that make the Happy Valley entrepreneurial ecosystem what it is today,” Swisher said. “The Happy Valley LaunchBox powered by PNC Bank was where Phospholutions transitioned from an idea to a real company. We utilized the Penn State Law Entrepreneur Assistance Clinic and IP Clinic for everything from forming an LLC to structuring employee contracts and commercial agreements, to terms…
