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Dutch potato breeding firm attracts multi-million investment

Reducing the weight of starting material for potato growing from thousands of kilos to a few grams is the goal of Dutch potato breeding company Solyta as it receives €16 million (£14m) from investors Fortissimo Capital, Innovation Industries as well as existing investors.

 

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Solynta has invented and established hybrid potato breeding based on pure inbred parent lines. This enables a seed based supply chain which would allow 25g of seeds as starting material instead of 2,500kg of tubers, it says.

 

It also allows for the fast and predictable breeding for beneficial traits, such as disease resistance, it says.

 

“We are thrilled to have attracted the backing and support of these top-notch investors and see their commitment to Solynta as a further validation of the potential of our hybrid potato breeding platform,” says Hein Kruyt, Solynta CEO.

Innovation investment

 

Yuval Cohen, managing partner of Fortissimo Capital says: “One of the most promising fields in which Fortissimo Capital has been investing is innovation in agriculture. We have invested in a number of excellent companies in recent years among them hybrid seed companies such as Origene Seeds and Equinom. We believe Solynta provides yet another revolutionary offering with huge potential to transform the entire potato industry.”

 

“We are very excited about our investment in Solynta”, says Harm de Vries, partner at Innovation Industries. “Solynta makes breeding predictable. This has already resulted in a continuous flow of improved products such as late blight resistant potatoes. We are looking forward to working closely with the company and its excellent management team.”

 


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