To speed up genetic advancement in cattle, the precision livestock business Vytelle has secured $20 million in Series B investment. Forage Capital Partners, a growth equity firm with offices in Calgary that makes investments throughout the whole food and agriculture value chain, took the lead in the fundraising round. To complete the round, Mountain Group Partners joined existing investors Grosvenor Food and Ag Tech, Open Prairie, Fulcrum Global Capital, Serra Ventures, and KC Rising.
The money will be used by Vytelle to keep growing its international business and to give clients worldwide affordable, dependable, and predictable reproductive technologies. The business’s integrated technology platform combines the ground-breaking in vitro fertilization (IVF) technology Vytelle ADVANCE with the animal performance data collection system Vytelle SENSE and the genetic analytics engine Vytelle INSIGHT. As a result, more than 50% of the US cow herd can easily use Vytelle thanks to its technology. Moreover, the company’s curation of the most extensive multibreed efficiency database in the world provides the infrastructure to influence bovine genetic advancement quickly.
Kerryann Kocher, CEO of Vytelle, stated, “We appreciate the support of our investors who join us to ensure that meat and milk are healthy dietary options for future generations. Our goal is clear, and with this additional investment, we are well-positioned to keep growing our global presence and give cattle producers worldwide the most cutting-edge reproductive technologies. We look forward to guaranteeing industry sustainability while driving genetic advancement in cattle and producing more protein with fewer inputs.”
Over the past few decades, reproductive technologies have improved livestock productivity and genetic potential. With advancements in technologies like artificial insemination (AI), in vitro fertilization (IVF), and embryo transfer (ET), farmers and producers can achieve greater reproductive efficiency and genetic progress in their herds. These technologies allow farmers to improve the genetic traits of their livestock and increase productivity without waiting for natural breeding cycles. Reproductive technologies have also made it possible to improve breeding programs for rare and endangered livestock species, helping to ensure their survival. As the industry continues to evolve, new technologies will likely emerge to enhance other livestock reproductive efficiency, genetic progress, and, ultimately, the sustainability of the livestock industry.