What is BioLumic?
BioLumic is at the forefront of agricultural innovation, developing and deploying proprietary UV technology designed to significantly boost plant growth, vigor, and yields. Their clean, green, and GM-free solutions target row crops and dairy forage, offering a sustainable method to improve seed performance and overall crop outcomes. The company's commitment to advancing agricultural productivity has led to international expansion, including a presence in South America, and has garnered recognition for its disruptive approach within the ag-tech sector.
How much funding has BioLumic raised?
BioLumic has raised a total of $20.2M across 2 funding rounds:
Series A
$6.7M
Series B
$13.5M
Series A (2019): $6.7M with participation from Canopy Rivers, Rabo Food & Agri Innovation Fund, Finistere Ventures, and Radicle Growth Acceleration Fund
Series B (2022): $13.5M led by Icehouse Ventures, OurCrowd, Rabo Ventures, and Finistere Ventures
Key Investors in BioLumic
Icehouse Ventures
Icehouse Ventures is a venture capital firm that began with New Zealand's first angel network, supporting Kiwi innovators. With $250m in assets under management, they focus on early-stage venture investments and operate a suite of funds with diverse portfolio strategies.
OurCrowd
OurCrowd is an Israeli-based investment platform established in 2013, enabling accredited investors and institutions to invest in startups, early-stage companies, and venture funds.
Rabo Ventures
Rabo Ventures is a venture capital fund focused on investing in high-growth companies within the food and agriculture value chain, leveraging the extensive network and resources of Rabobank.
What's next for BioLumic?
With the recent infusion of major strategic capital, BioLumic is poised for accelerated growth and further market penetration. This significant backing, part of its $20.2M in total funding, will likely fuel continued research and development into its UV technology, enabling the company to scale its operations and expand its global reach. The company's focus on enhancing agricultural yields through non-GMO, sustainable methods positions it as a key player in addressing the evolving demands of modern agriculture and food production.
See full BioLumic company page
