Agritech startup GeneNeer has successfully closed a $1 million Seed funding round, aimed at furthering its mission of enhancing crop development through innovative gene-editing technologies. The company focuses on expediting gene editing and rapid gene discovery to improve the precision, speed, and safety of advanced breeding technologies, starting with potatoes.
GeneNeer employs proprietary technologies, including Superlines and tissue-specific silencing capabilities, to revolutionize crop seed innovation. The goal is to contribute to global food security, nutrition, and climate resilience by providing more efficient and localized solutions to the impacts of climate change.
Tall Grass Ventures led the funding round, with participation from 2b AHEAD Ventures, a repeat investor based in Germany. Chris Edwards, Managing Partner at Tall Grass Ventures, highlighted GeneNeer’s position at the forefront of gene-editing in crop development, emphasizing the innovative Superline technology and the company’s adept approach to mitigating business risks in biotechnology.
Kinneret Shefer, CEO and Co-founder of GeneNeer, expressed gratitude for the support from seasoned and visionary investors, stating that the involvement of Tall Grass Ventures and 2b AHEAD Ventures would be instrumental in achieving the company’s ambitious business plans.
The funds raised will be directed toward expanding GeneNeer’s research and development efforts to further enhance its gene-editing and gene-discovery methods. While the initial focus is on the potato market, the company is exploring opportunities for strategic partnerships to extend its technology to other key crops.
