UNIVERSITY PARK, Pa. — Penn State alumnus Hunter Swisher, founder and CEO of Phospholutions, was named a 2023 Forbes 30 Under 30 in the social impact category. The category is described as those who are "leveraging business smarts to save the world."
The company, which has raised $22 million in combined equity and debt financing, aims to create a more sustainable future for agriculture by enhancing the efficiency of phosphorus fertilizers. Read about the most recent investment of $5.3 million.
Swisher began developing RhizoSorb, the company’s fertilizer additive technology, as an undergraduate in the plant sciences program at Penn State. As a student, Swisher took full advantage of the Invent Penn State entrepreneurial ecosystem, including but not limited to the Invent Penn State Summer Founders Program, Happy Valley LaunchBox powered by PNC Bank’s FastTrack Accelerator program, the Penn State Law Clinics, and the Penn State Small Business Development Center.
Phospholutions is presently headquartered at Innovation Park at Penn State University Park.