TL Biolabs, a Santa Clara, Calif.-based agtech startup, closed $4m seed financing.
The round was led by Andreessen Horowitz with participation from Refactor Capital, Josh Buckley, and Y Combinator.
The company intends to use the funds to continue expanding its team of engineers, scientists, and developers, and finish R&D work required for the commercial launch this summer of its genomic test for dairy and beef cattle.
Founded in 2016 by Fred Turner, Chief Executive Officer, TL Biolabs is advancing a $15 genomic test that provides farmers information on the health, productivity, and fertility of their cows — from early in the animal’s life — to make management and breeding decisions earlier and efficiently.
The results are provided in software to improve production by selecting which calves to keep or sell, and which bulls to breed to which cows.
FinSMEs
23/02/2017