US agricultural technology start-up Phytelligence has raised nearly $10 of additional funding to support its expansion. The company is now looking for a new location in the greater Boston area and hopes to open by mid-2018. The company was spun out from Washington State University in 2012 and has doubled its number of employees in the past year to 150 people. It specialises in cultivation technology using a nutritional gel substance to grow fruit trees cheaper and faster than with traditional soil mixes.
US agricultural technology start-up Phytelligence has raised nearly $10 of additional funding to support its expansion. The completion of the series B round brings total finance raised to $22.5m, with undisclosed investors joining previous backers Spokane, Cowles Company and WRF Capital. The company was spun out from Washington State University in 2012 and has doubled its number of employees in the past year to 150 people. It specialises in cultivation technology using a nutritional gel substance to grow fruit trees cheaper and faster than with traditional soil mixes.