The company intends to use the proceeds to expand globally, particularly in the USA, and extend software and service capabilities.
Led by Dirk Vandenhirtz, CEO and founder, LemnaTec sells hardware and software for taking digital images of plants and for processing those images to produce phenotypic data. The company’s products are designed to improve the performance of phenotyping results in R&D and this is done using a range of products – low throughput systems for lab monitoring, high throughput systems for monitoring thousands of plants in a greenhouse or systems suitable for research in open fields. LemnaTec has also developed a suite of software tools for plant phenotyping covering image acquisition, image processing and data mining to attain a desired phenotype for any given condition.
The financing followed a previous financing round led by German private equity firm DEWB, the opening of an office in St. Louis, USA, and started construction of a high output field based phenotyping facility in the UK.