GeneNeer secures US$1 million in seed funding to speed crop seed innovation

Israeli biotechnology company GeneNeer successfully closed a US$1 million seed round to support the acceleration of its technology for rapid crop seed innovation.

GeneNeer’s IP-protected Superlines are a gene editing tool designed to accelerate new crop development by improving speed, safety and accuracy.

The funds will be used to expand the company’s research and development into its methods for enhancing gene editing and gene discovery. While the company’s first focus is on the potato market, further development in other key crops is being actively pursued through strategic partnerships.

The round was led by Tall Grass Ventures, and 2b AHEAD Ventures. Chris Edwards, Managing Partner at Tall Grass Ventures, said “We believe GeneNeer is at the forefront of gene-editing in crop development through their novel and proprietary Superline technology. With this technology, they have developed a multi-faceted platform, which we believe mitigates many of the business risks inherent in biotechnology and deep science-based startups. This approach not only enhances stability, but also aligns with the nimbleness and adaptability required to lead an emerging field.”

Image: Getty/Avalon_Studio