business
Swedish AgTech OlsAro Raises €5 Million to Scale Climate-Resilient Wheat
OlsAro raises €5 million in seed funding led by Industrifonden to scale climate-resilient wheat.
Key points
- OlsAro raised €5 million in seed funding led by Industrifonden, with Nordic Foodtech VC as co-lead.
- Existing investors Future Food Fund, PINC, AgFunder and GU Ventures also participated in the round.
- OlsAro's salinity-resilient wheat showed an up to 41% yield increase over a moderately salt-tolerant variety in Bangladesh.
Why it matters. The funding supports international field trials and commercial work with seed-company partners as OlsAro seeks to address salinity, heat and drought pressure on cereal production.
Swedish AgTech company OlsAro has raised €5 million in seed funding to develop its SeedAX platform and bring its first salinity-resilient wheat product to market. The round was led by Industrifonden, with Nordic Foodtech VC joining as co-lead, and existing investors Future Food Fund, PINC, AgFunder and GU Ventures also participating. The financing follows a €2.5 million pre-seed round in April 2024, bringing total funds raised to approximately €7.5 million.
Latest updates
Swedish AgTech OlsAro Raises €5 Million to Scale Climate-Resilient Wheat
OlsAro, a Swedish AgTech company focused on climate-resilient cereal genetics, has raised €5 million in seed funding. The round was led by Industrifonden, with Nordic Foodtech VC joining as co-lead. Existing investors Future Food Fund, PINC, AgFunder and GU Ventures also participated. The company said the capital will be used to develop its SeedAX platform and commercialise its first salinity-resilient wheat product, designed to help farmers cope with increasingly saline soils caused by climate change.