OlsAro Crop Biotech AB
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OlsAro Crop Biotech AB - overview
Established
2018
Location
Goteborg, -, Sweden
Primary Industry
Software
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.
Current Investors
AgFunder, GU Ventures, Future Food Fund
Primary Industry
Software
Sub Industries
Software, Agribusiness
Website
www.olsaro.com/
Verticals
Agtech, Artificial Intelligence, Cloud Computing
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
OlsAro Crop Biotech AB - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA (USD) | (2,950) | (18,506) | (152,734) | (79,371) | (112,513) | (33,474) | (129,944) | (148,338) | - | - | - |
| Operating Income (USD) | (2,950) | (18,506) | (152,734) | (79,371) | (112,513) | (33,474) | (129,944) | (148,338) | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - | - | - | - | - |
| NET Income (USD) | (2,950) | (18,506) | (152,729) | (79,371) | (112,513) | (35,570) | (130,154) | (148,338) | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | - | - | - | - |
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