OlsAro
OlsAro produces salt-tolerant crops.
TL;DR
Product: AI-enabled forward-genetics platform (SeedAX) for climate-resilient cereal varieties; initial focus on salt-tolerant wheat
Origin: Spin-out from Lund University and the University of Gothenburg
Recent funding: €2.5M pre-seed / Seed announced Apr 16, 2024
Headcount: 14 employees
Lead investors: Future Food Fund and PINC (listed as leads)
Company Overview
Problem Domain
Climate-resilient crop breeding for cereals (salt tolerance)
Industry
Agritech / Crop Biotechnology
Funding Track Record
€2.5M
Announced as a pre-seed/seed round to expand the AI-enabled breeding platform
5.75 MSEK
Earlier investment round with participation from investors including Aventure (Öste), GU Ventures, Vasa Angels and others
Investor Signal
“Raised a multi-investor seed round led by sector-focused investors (Future Food Fund and PINC), with participation from AgFunder, FLORA Ventures, Mudcake and institutional/angel backers”