ChrysaLabs is a Canadian startup founded in 2017, specializing in portable, accurate, and real-time soil data solutions for the agriculture, biotechnology, and information technology industries. Their slogan, "Portable, accurate & real-time soil data solution, enabling producers and agronomists to save time and money," embodies their core mission. The company has developed a portable probe that can measure soil nutrients and health in real-time, providing precise information within seconds, equivalent to laboratory accuracy. Their innovative approach emphasizes the importance of eliminating the time gap between soil sampling and result availability. With the goal of enabling producers and agronomists to take the best actions minutes after field sampling, ChrysaLabs offers a management platform for easy access to data, allowing for quick decision-making and action implementation. Their belief in the value of precision agriculture is reflected in their technology, which empowers users to conduct soil sampling as frequently as desired, leading to more precise actions and better management of soil nutrients and fertilizers, ultimately bolstering soil health. ChrysaLabs recently received a substantial $15.00M Series A investment on 10 May 2023, with notable investors including BDC Capital, Anges Québec, Telus Ventures, EcoFuel, Leaps by Bayer, AQC Capital, Emmertech, and Koan Capital. This investment signals a strong vote of confidence from prominent industry players and indicates the potential for further growth and impact in the agricultural technology sector.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | $15.00M | 8 | Koan Capital, BDC Venture Capital | 10 May 2023 |
Convertible Note | $3.80M | - | 26 Sep 2022 | |
Grant | Unknown | 1 | Cultivator | 09 Mar 2022 |
Seed Round | $1.35M | 3 | Premier Tech | 23 Dec 2020 |
Grant | $1.70M | - | 30 Nov 2020 |
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