Vytelle has raised $20 million in Series B funding to accelerate genetic progress in cattle. In addition to expanding its global operations with this new investment, Vytelle will offer customers the most reliable, accessible, and predictable reproductive technology available today.
The investment was led by Forage Capital Partners, a Calgary-based growth equity firm that invests across the entire food and agriculture value chain. To complete the round, Mountain Group Partners joins current investors Grosvenor Food and Ag Tech, Open Prairie, Fulcrum Global Capital, Serra Ventures, and KC Rise.
Forage Capital Partner, Jim Taylor said, “Vytelle has proven their ability to scale and deliver consistent results for the benefit of cattle producers aiming to accelerate genetic progress around the world. We are impressed with Vytelle’s track record of growth and delivery and are excited about what the future will bring.”
Its integrated platform consists of Vytelle ADVANCE, a breakthrough in vitro fertilization (IVF) technology; Vytelle SENSE, an animal performance - data capture system, and Vytelle INSIGHT, an artificial intelligence-based genetic analytics engine.
More than 50% of the US cow herd is easily accessible by Vytelle, the fastest-growing advanced reproduction company in the country. By combining this footprint with Vytelle's large multibreed efficiency database, the company has the infrastructure to impact bovine genetic progress rapidly. Through technology, progressive cattle producers can maximize the impact of elite livestock productivity and profitability, delivering more protein with fewer inputs sustainably.
“We are delighted to have secured this new investment; this is indicative of strong market interest in our products and services. Our mission is clear, and we are grateful for the support of our investors who join us on our journey to ensure meat and milk are viable food choices for future generations.” said Kerryann Kocher, CEO of Vytelle.