Investegate |Vytelle Announcements | Vytelle: Vytelle Closes $20MM in Series B Funding to Accelerate Genetic Progress in Cattle
Summary
LENEXA, Kansas, April 04, 2023 (GLOBE NEWSWIRE) -- Vytelle, a precision livestock company, has raised $20MM in Series B funding to accelerate genetic progress in cattle. New investor, Mountain Group Partners, joins current investors, Grosvenor Food and Ag Tech, Open Prairie, Fulcrum Global Capital, Serra Ventures, and KC Rise to complete the round.Forage Capital Partner, Jim Taylor said, "Vytelle has proven their ability to scale and deliver consistent results for the benefit of cattle producers aiming to accelerate genetic progress around the world. Combining this footprint, with Vytelles curation of the worlds largest multibreed efficiency database, provides the infrastructure to impact bovine genetic progress rapidly. This allows producers to sustainably deliver more protein with fewer inputs, helping to ensure meat and milk are viable, competitive food choices for future generations. For more information about Vytelle, please visit www.vytelle.com.Forage Capital Partners is Canadas most experienced team of Ag & Food investors, having managed over $500 million in commitments to the industry over the last 18 years.