Swedish agtech startup, ๐๐ฅ๐ฌ๐๐ซ๐จ, has raised โฌ2.5M in seed funding to develop AI-powered, climate-resilient wheat varieties. The funding round was led by ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐ ๐จ๐จ๐ ๐ ๐ฎ๐ง๐ and ๐๐๐๐, with participation from AgFunder, ๐ ๐๐๐๐ ๐๐๐ง๐ญ๐ฎ๐ซ๐๐ฌ, ๐๐ฎ๐๐๐๐ค๐, 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.
