What is Phylos Bioscience?
Phylos Bioscience stands as a global leader in cannabis genomics, leveraging advanced molecular genetics and computational biology. The company is dedicated to enhancing the development and performance of hemp and drug varieties across diverse agricultural settings. Through its world-class team, Phylos supports extensive research and development initiatives, fosters breeding partnerships with international collaborators, and provides comprehensive genetic testing solutions to cultivation businesses worldwide.
How much funding has Phylos Bioscience raised?
Phylos Bioscience has raised a total of $16M across 3 funding rounds:
Private Equity
$1.4M
Unspecified
$7.6M
Debt
$7M
Private Equity (2015): $1.4M, investors not publicly disclosed
Unspecified (2022): $7.6M led by Accomplice, Merida Capital Holdings, and Entourage Effect Capital
Debt (2024): $7M supported by OrganiGram
Key Investors in Phylos Bioscience
Accomplice
Accomplice is an early-stage venture capital firm known for investing in disruptive technology companies, likely focusing on deep tech and innovative solutions.
Merida Capital Holdings
Merida Capital Holdings is a private equity firm that invests in the cannabis industry, focusing on companies that offer ancillary services and products within the sector.
Entourage Effect Capital
Entourage Effect Capital is a venture capital firm that invests in the cannabis ecosystem, supporting businesses across cultivation, processing, and retail.
What's next for Phylos Bioscience?
The substantial enterprise-level investment positions Phylos Bioscience for accelerated growth and innovation in the rapidly evolving cannabis industry. This backing is expected to fuel further advancements in their genetic testing solutions and expand their global reach in research, development, and cultivation support. The company's focus on optimizing plant performance through cutting-edge genomics suggests a strategic expansion into new markets and a deepening of its existing partnerships, solidifying its leadership in agricultural biotechnology.
See full Phylos Bioscience company page
