KUALA LUMPUR, April 5 (Bernama) -- Vytelle, a precision livestock company, has raised US$20 million in Series B funding to accelerate genetic progress in cattle. (US$1=RM4.39)
With this new investment, Vytelle in a statement said it will continue to expand its global operations, while delivering the most accessible, reliable and predictable reproductive technology available to customers today.
The investment was led by Forage Capital Partners, a Calgary based growth equity fund that invests across the entire food and agriculture value chain.
In addition, new investor, Mountain Group Partners, joins current investors, Grosvenor Food and Ag Tech, Open Prairie, Fulcrum Global Capital, Serra Ventures and KC Rise to complete the round.
“We are delighted to have secured this new investment; this is indicative of strong market interest in our products and services.
“Our mission is clear and we are grateful for the support of our investors who join us on our journey to ensure meat and milk are viable food choices for future generations," said Vytelle Chief Executive Officer, Kerryann Kocher.
Vytelle's integrated technology platform combines Vytelle ADVANCE, a breakthrough in vitro fertilisation (IVF) technology, with Vytelle SENSE, an animal performance data capture system, and Vytelle INSIGHT, an artificial intelligence based genetic analytics engine.
As the fastest growing advanced reproduction company, Vytelle is easily accessible to more than 50 per cent of the United States cow herd.
Combining this footprint, with Vytelle’s curation of the world’s largest multibreed efficiency database, provides the infrastructure to impact bovine genetic progress rapidly.
-- BERNAMA
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