Trace Genomics Raises Oversubscribed $10.5 Million Series B, Expanding Reach of Pioneering DNA Soil Intelligence Platform
Amount Raised
$10.5 Million
Round Type
Series B
BurlingameOtherAgriculture and FarmingFarmingAgtechInvestors
Description
Trace Genomics announced its successful Series B funding round at $10.5 million led by existing investors S2G Ventures and Ajax Strategies, as well as new investor Rabo Ventures. The funding round exceeded expectations and demonstrated strong investor confidence in Trace's trajectory and growth strategy. With this additional funding, Trace plans to expand its commercial growth, making its offerings available to more farmers and agronomists. The company also welcomed new Chief Marketing and Chief Revenue Officers to bolster strategic growth.
Quick answer
Trace Genomics raised $10.5 Million in a Series B round, dated February 20, 2024. Investors: Rabo Ventures, Ajax Strategies and S2 G Ventures. Trace Genomics is based in Burlingame, California, United States.
- How much did Trace Genomics raise?
- Trace Genomics raised $10.5 Million in a Series B round on February 20, 2024.
- Who invested in Trace Genomics?
- Rabo Ventures, Ajax Strategies and S2 G Ventures are named as investors in this round.
- What does Trace Genomics do?
- Trace Genomics Inc. is an Ag-tech company that pioneered a new era of soil testing using DNA sequencing to reveal hidden biology and microbiomes in soil.
- Where is Trace Genomics based and how big is it?
- Trace Genomics is based in Burlingame, California, United States.
Source: Fundz verified event record.
Who else raised in Agriculture and Farming and Farming around the same time
Companies in the same sectors as Trace Genomics that raised within 45 days of this round, from Fundz verified event records.
- HeavyFinance raised $55M (Funding Round) on March 14, 2024.
- Treetoscope raised $7M (Seed) on March 12, 2024.
- White River Soy Processing raised $7.5M on February 12, 2024.
- Bluewhite raised $39M (Funding Round) on January 24, 2024.
- Bluewhite raised $39M (Funding Round) on January 23, 2024.
- GoPurple (formerly Purple Farms) raised $180K (Pre-Seed) on January 22, 2024.
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Funding Insights
What this usually meansTrace Genomics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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