# For Future Breeding

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/for-future-breeding

- Industry: Agribusiness
- Headquarters: Changzhou, China
- Website: www.wimibio.com
- Total disclosed funding: $14M
- Latest round: Series A (Sep 19, 2024)
- Investors on record: 5

## About

Based in Changzhou, China, and established in 2017, For Future Breeding is a biobreeding technology developer that focuses on plant breeding using gene technology. It has 2,000 square meters of lab, 30 mu plant bases in Yunan, Hainan, and Hubei. The company has obtained 34 patents, including 20 invention patents. In 2020, it promoted sweet sticky corn in Xuejia Town, Jiangsu Province. In June 2024, For Future Breeding raised CNY 20 million in strategic investment from new investor Qingdao Caitong Group. In September 2024, the company raised CNY 100 million in series A funding led by Qingdao Caitong Group.

The company mainly engages in plant breeding, using gene editing technology, genetic transformation technology, and big data. It provides species improvement for food crops and cash crops, including corn, wheat, rice, soybean, and vegetables. It also engages in field breeding and smart farming. As well as, it established germplasm repositories, including rice and maize mutant germplasm repositories.

The company generates revenue by providing species improvement for food crops and cash crops, including corn, wheat, rice, soybean, and vegetables, as well as germplasm repositories, field breeding, and smart farming.

The company will use the series A funding for research and development and marketing related to gene-edited corn, and to accelerate the research and development and commercialization of high-protein corn.

## Funding rounds

- Series A, Sep 19, 2024, $14M — Changzhou Hi-tech Venture Capital, Qingdao Caitong Group, Wuhan Hi-tech Holding Group, Sanya Yazhouwan Venture Capital, Deshi Capital

## Investors

- Changzhou Hi-tech Venture Capital — Series A
- Qingdao Caitong Group — Series A
- Wuhan Hi-tech Holding Group — Series A
- Sanya Yazhouwan Venture Capital — Series A
- Deshi Capital (https://capitalatlas.ai/funds/deshi-capital) — Series A