# OlsAro Crop Biotech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/olsaro-crop-biotech

- Industry: Software
- Headquarters: Goteborg, Sweden
- Website: www.olsaro.com/
- Total disclosed funding: $2.7M
- Latest round: Seed (Apr 6, 2024)
- Investors on record: 6

## About

Based in Sweden, and founded by Henrik Aronsson and Olof Olsson, OlsAro Crop Biotech AB, operates as a software company that provides artificial intelligence enabled crop development. In April 2024, OlsAro raised EUR 2.5 million in seed funding led by Future Food Fund and PINC with participation from Flora Ventures and Mudcake. Returning investor AgFunder Inc. As of 2024, the company is led by its CEO, Elen Faxo.

The company offers various artificial intelligence-based platforms used to conduct collaborative field trials with local partners globally to support the commercialization of salt-tolerant wheat and other adapted crop varieties.

The company also provides new crop traits, particularly focusing on resilience to environmental challenges like saline soil.

The company plans to use the April 2024 funding to expand the team and commercializing its first product, a salt-tolerant wheat variety shown in field trials in Bangladesh.

## Funding rounds

- Seed, Apr 6, 2024, $2.7M — AgFunder, GU Ventures, Future Food Fund, Mudcake, PINC, Flora Ventures

## Investors

- AgFunder (https://capitalatlas.ai/funds/agfunder) — Seed
- GU Ventures (https://capitalatlas.ai/funds/gu-ventures) — Seed
- Future Food Fund — Seed
- Mudcake (https://capitalatlas.ai/funds/mudcake) — Seed
- PINC (https://capitalatlas.ai/funds/pinc) — Seed
- Flora Ventures (https://capitalatlas.ai/funds/flora-ventures) — Seed