OlsAro, a Swedish agtech startup, has raised €2.5 million in seed funding to develop AI-powered wheat varieties that are resistant to climate challenges, aiming to enhance global food security.
Target Information
OlsAro, a Swedish agtech startup, is pioneering the development of AI-powered, climate-resilient wheat varieties. The company has successfully raised €2.5 million in seed funding to accelerate its innovative research and development initiatives. OlsAro's focus revolves around harnessing artificial intelligence to create new wheat varieties that can thrive in challenging environmental conditions including high soil salinity, heat, and drought.
This funding round attracted noteworthy investors, marking a significant validation of OlsAro's mission. The capital raised will facilitate the expansion of their team, technological advancements, and entry into markets with problematic soil conditions, bolstering the company's commitment to enhancing global food security.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Sweden
The agtech industry in Sweden is characterized by a strong commitment to sustainability and innovation. With a burgeoning interest in leveraging technology to address agricultural challenges, the sector is witnessing an
Similar Deals
Undisclosed Investors
invested in
OlsAro
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $3M