Chrysalabs Secures Ca $15 Million ($11 Million) Series A Funding To Increase Instant Access To Reliable And Low-Cost Soil Insights, Including Carbon Verification

May 10, 2023•over 2 years ago

Amount Raised

$15 Million

Round Type

series a

MontrealMachine LearningArtificial IntelligenceAgriculture and FarmingInformation TechnologySoftwareAnalytics

Investors

Koan CapitalAqcAnges QuébecEmmertechEcofuelBdc CapitalTelus VenturesLeaps By Bayer

Description

ChrysaLabs, a leading innovator at the forefront of soil science, announced today a 15 million Canadian dollar ($11 million) financing round, including investments from Leaps by Bayer, TELUS Ventures and BDC Capital. Existing investors Ecofuel, Emmertech, Anges Québec, AQC and Koan Capital are also participating in this financing.

Company Information

Company

ChrysaLabs

Location

Montreal, Quebec, Canada

About

Better soil intelligence for better decisions. ChrysaLabs is a fast-growing ag tech company at the intersection of agriculture and science. We believe that fast and accurate soil data are key components of precision ag. ChrysaLabs' unique solution uses Cloud computing, Artificial Intelligence, and machine learning to extract real-time data from its patented spectroscopy technology providing precious information within seconds, and allowing field managers to take the best actions minutes after sampling. Our technology enables producers and agronomists to sample the soil as many times as they want: more data leads to more precise actions, higher yield, and optimized costs.

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