TerViva Inc.

TerViva Inc. is a US-based agricultural innovation company that cultivates pongamia, a climate-resilient tree, to produce sustainable food ingredients. Their products support global food demands while promoting environmental sustainability. Founded in 2010 in Oakland, US, TerViva Inc.

specializes in the development of pongamia as a sustainable agricultural source. Naveen Sikka, along with co-founders Maggie Kavalaris and Sudhir Rani, leads the company. TerViva has completed 7 deals, with their most recent funding round, the Series E, occurring on January 10, 2025, raising USD 54. 00 mn from investors including Astera Institute and Trustbridge Partners.

The total amount raised by TerViva to date is USD 54. 00 mn, with a current valuation of USD 172. 23 mn. TerViva is an agricultural innovation company focused on the cultivation and transformation of pongamia, a climate-resilient tree known for producing protein- and oil-rich legumes.

Their core offerings center around the processing of pongamia beans into food ingredients branded as Ponova®, which are aimed at addressing the growing global demands for sustainable food sources. These products are designed for various applications in the food industry, particularly as alternatives to traditional plant proteins and oils, thereby contributing to the reduction of deforestation and the revitalization of agricultural lands. TerViva's customer base includes agricultural producers, food manufacturers, and distributors, with a significant presence in international markets such as India, the United States, and Australia. The company emphasizes a transparent and equitable supply chain, which not only supports local farmers but also aligns with the company’s mission to foster sustainable agricultural practices and enhance food security.

TerViva generates revenue through strategic partnerships and the sale of its Ponova® products to food companies and agricultural businesses. The transaction structure typically involves direct sales agreements with food manufacturers that utilize pongamia-derived ingredients in their products, thus catering to B2B relationships. Given the focus on sustainable agriculture, TerViva positions its offerings as premium solutions for customers looking to incorporate environmentally friendly ingredients into their supply chains. The pricing structure for these products reflects their unique value as non-GMO and climate-resilient options, appealing to businesses committed to sustainability.

The company’s revenue model aligns with its goal of promoting regenerative agricultural practices while satisfying the demands of a market increasingly focused on sustainability and health. In January 2025, TerViva Inc. raised USD 54. 00 mn in Series E funding from new investor Idemitsu Kosan Co.

Ltd. This funding will be utilized to increase pongamia production as a sustainable aviation fuel (SAF) feedstock. The company is exploring the development of new pongamia products aimed at further diversifying their offerings. Additionally, TerViva plans to expand its presence in international markets, particularly targeting regions in Europe and Asia by the end of 2025.