Fyto, a Petaluma, CA-based company leveraging automation to unlock the power of specialized aquatic plants, raised $15M in Series A funding.
The round was led by GV with participation from AgFunder, Refactor Capital, First Star Ventures, and Bolt. GV General Partner Andy Wheeler, has joined Fyto’s Board of Directors.
The company intends to use the funds to achieve commercial-scale production of these plants, while conducting scientific climatic trials.
Led by Jason Prapas, Ph.D., Founder and CEO, Fyto has developed hardware and software systems that automate and scale the production of aquatic plants to allow farmers to increase productivity and improve nutrient management while reducing production costs, water usage, and greenhouse gas emissions.
The technologies produce essential nutrients in efficient ways. These superplants, which can be grown and harvested year-round, are packed with key amino acids, energy, vitamins, minerals, and fatty acids, and have been shown to be palatable and digestible.
The company was launched out of MIT in 2019 and in 2021 piloted its technology on a dairy farm in Northern California.
FinSMEs
07/07/2022