Rainbow Crops raises €9.7M to scale AI-powered crop engineering
Belgian agritech startup Rainbow Crops has raised €9. 7million in an oversubscribed seed funding round to advance its crop engineeringplatform, expand its application across multiple crops, and grow it... Rainbow Crops has secured fresh funding to advance its AI-powered crop engineering platform, helping accelerate the development of more resilient and productive crop varieties through genome editing and precision breeding.
Key Takeaways
- Agritech Rainbow Crops raises €9.
7M to scale AI-powered crop engineering Rainbow Crops has secured fresh funding to advance its AI-powered crop engineering platform, helping accelerate the development of more resilient and productive crop varieties through genome editing and precision breeding.
- The round was led by Italian venture capital firm LIFTT and its investment vehicle LIFTT EuroInvest.
Existing investors AIF (Agri Investment Fund), PINC, and VIB also participated, alongside new investors Corteva, through its Corteva Catalyst investment platform, and Maia Ventures.
- To address these challenges, Rainbow Crops has developed Trait Foundry™, a platform that combines artificial intelligence, multiplex genome editing, precision breeding, and automated phenotyping.
The platform is designed to identify and evaluate combinations of genetic variants associated with complex agronomic traits such as yield and stress resilience.
- The new funding will support the development of the company's AI-assisted multiplex genome editing capabilities, the deployment of its platform across additional crops, and the expansion of its scientific and technical teams.
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Stats & Key Facts
- #7million in an oversubscribed seed funding round to advance its crop engineeringplatform, expand its application across multiple crops, and grow it...
- #7 million in an oversubscribed seed funding round to advance its crop engineering platform, expand its application across multiple crops, and grow its scientific and technical teams.
Rainbow Crops has secured fresh funding to advance its AI-powered crop engineering platform, helping accelerate the development of more resilient and productive crop varieties through genome editing and precision breeding. Agritech Rainbow Crops raises €9. 7M to scale AI-powered crop engineering Rainbow Crops has secured fresh funding to advance its AI-powered crop engineering platform, helping accelerate the development of more resilient and productive crop varieties through genome editing and precision breeding.
Tamara Djurickovic 2 hours ago Share Share Send email Copy link Belgian agritech startup Rainbow Crops has raised €9. 7 million in an oversubscribed seed funding round to advance its crop engineering platform, expand its application across multiple crops, and grow its scientific and technical teams. The round was led by Italian venture capital firm LIFTT and its investment vehicle LIFTT EuroInvest.
Existing investors AIF (Agri Investment Fund), PINC, and VIB also participated, alongside new investors Corteva, through its Corteva Catalyst investment platform, and Maia Ventures. Founded to address some of agriculture's most pressing challenges, Rainbow Crops develops technologies aimed at accelerating the creation of higher-performing and more resilient crop varieties. As climate volatility increases, input costs fluctuate, and regulatory changes support wider adoption of gene editing technologies, crop developers face growing pressure to improve productivity and predictability while shortening development timelines.
For more details please read the original article at Tech.eu.
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