Computomics Raises €6.3 Million in Series B Funding
Computomics, a Tübingen-based company specializing in leveraging biological diversity to promote sustainable development, has successfully raised €6.3 million in a Series B funding round. The funding is aimed at enhancing their climate-smart plant breeding platform. This round was led by Convent Capital Agri Food Fund, with additional participation from High-Tech Gründerfonds, MBG Baden-Württemberg, and Amathaon Capital.
Company Background
Computomics focuses on using advanced technologies such as machine learning and genomic data to aid plant breeders in predicting crop performance under varying environmental conditions. The company aims to address the challenges of climate change and ensure sustainable agricultural practices.
Use of Funds
The new capital will be utilized to scale up Computomics' climate-smart breeding platform. This expansion is expected to further assist breeders in adapting to the challenges posed by changing climatic conditions, thereby ensuring better crop yield and sustainability.
Leadership
Sebastian Schultheiss, Co-Founder of Computomics, plays a key role in the company's strategic direction. Although specific quotes from Schultheiss were not available, his involvement in the company's growth and innovation is evident.
Investors
Convent Capital Agri Food Fund led the Series B funding round. Other investors include High-Tech Gründerfonds, MBG Baden-Württemberg, and Amathaon Capital, all of whom bring valuable resources and expertise to support Computomics' mission.
Computomics' efforts in advancing agricultural technology through innovative solutions highlight the growing importance of sustainable practices in the face of global climate challenges.