NL: Potato breeder Solynta secures €16 million in backing

Potato breeder Solynta announced the completion of a €16 million series B financing round by new investors Fortissimo Capital and Innovation Industries as well as existing investors. Solynta will use this financing round to continue its potato breeding activities and to build a strong commercial organisation that can address the billion dollar challenges within the potato supply chain. Solynta is headquartered in the Netherlands and has established a hybrid potato breeding based on pure inbred parent lines, a (non-GMO) breeding technology platform. This enables a seed based supply chain which would allow 25 grams of seeds as starting material instead of 2500 kilogram of tubers. More