Swedish agtech startup, 𝐎𝐥𝐬𝐀𝐫𝐨, has raised €2.5M in seed funding to develop AI-powered, climate-resilient wheat varieties. The funding round was led by 𝐅𝐮𝐭𝐮𝐫𝐞 𝐅𝐨𝐨𝐝 𝐅𝐮𝐧𝐝 and 𝐏𝐈𝐍𝐂, with participation from AgFunder, 𝐅𝐋𝐎𝐑𝐀 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬, 𝐌𝐮𝐝𝐜𝐚𝐤𝐞, and previous investors. OlsAro specializes in developing new wheat varieties using AI-enabled crop development to improve yield and adapt to challenging environmental conditions such as salt, heat, and drought.
The funding will support team growth, tech advancement, and market entry in regions with high soil salinity. Their innovative wheat varieties could improve global food security by enabling farming on previously unusable land. The company also plans to research heat-tolerant and nitrogen-efficient wheat varieties. With this investment, OlsAro aims to expand its reach to markets like Australia and India.
