The OakLabs GmbH, a Hennigsdorf, Germany-based develops diagnostic DNA markers for complex traits in plants, has raised seed funding from High-Tech Gründerfonds.
The amount was not disclosed.
The company intends to use the capital to further develop its technology and to introduce it into the market.
Founded in 2011 by Dr. Martina Schad and Dr. Jim Kallarackal, who combine knowledge in molecular biology with modern mathematics, the OakLabs develops diagnostic DNA markers, which allows for the prognosis of certain traits in the early developmental period of the plants and therefore, reduces the breeding of a new type of plant by up to ten years.
The company will make its technology available to animal and plant breeding clients as well as to research institutes in the autumn of 2012.
FinSMEs
09/02/2012