Vytelle Announces Funding To Accelerate Genetic Progress
Vytelle, a precision livestock company, announces the closure of an oversubscribed Series A funding worth USD $13.2 million. Private equity firm Open Prairie, through the Open Prairie Rural Opportunities Fund, and Kansas-based Ag-tech VC, Fulcrum Global Capital co-led the round. The financing also included participation from new Midwest investors Serra Ventures, Innovation In Motion, and KCRise, as well as existing investor, UK-based Wheatsheaf Group.
Vytelle's integrated technology platform combines Vytelle ADVANCE, a breakthrough in vitro fertilization (IVF) technology, with Vytelle SENSE, an animal performance data capture system, and Vytelle INSIGHT, an artificial intelligence based genetic analytics engine. The platform provides progressive cattle producers the technology to multiply the impact of elite livestock productivity and profitability, sustainably delivering more protein with fewer inputs. Vytelle’s integrated platform has seen rapid growth since its launch in 2020, currently serving cattle producers in 21 countries.
"We are impressed with Vytelle’s track record of success in the IVF sector and look forward to implementing initiatives to further accelerate genetic progress with Vytelle’s data platforms for the benefit of ranchers and cattle operations throughout rural America,” said Open Prairie’s founder and managing partner, Jim Schultz.
Duane Cantrell, CEO of Fulcrum Global Capital added, “Vytelle’s ability to scale globally is a game changer for the cattle industry to produce a more efficient and sustainable global cattle herd.”
The funding reflects the aggressive expansion strategy of the Kansas City-based company. The strategy includes propelling the IVF offering of Vytelle ADVANCE to strategic markets worldwide and investment in new ways to create more predictable genetic selections for global cattle operations. “We’ve been searching for another AgTech investment in the KC region with a large addressable market, proven traction, seasoned agriculture investors and experienced team. Kerryann and her team, board and investors exceed every measure and we are excited that our KC-based investors will be a part of this global/local growth story.” Darcy Howe, founder, managing director, KCRise Fund.
“Our mission is clear, and we are grateful for the support of our investors who join us on our journey to ensure meat and milk are viable food choices for future generations.” said Kerryann Kocher, CEO of Vytelle.
About Vytelle
Vytelle is a precision livestock company reshaping how cattle producers worldwide optimize their herds. Through Vytelle’s integrated technology platform, generations of genetic gains can be made in just a few years. This allows producers to sustainably deliver more protein with fewer inputs, helping to ensure meat and milk are viable, competitive food choices for future generations. For more information about Vytelle, please visit www.vytelle.com.
