OlsAro
Gothenburg-based AgTech company developing climate-resilient cereal genetics.
- Industry
- agtech, cereal genetics
- Location
- Gothenburg, Sweden
- Website
- https://olsaro.com/
About
OlsAro develops climate-resilient cereal genetics, starting with wheat, through a platform it calls SeedAX. The company is based in Gothenburg. Elén Faxö is CEO.
OlsAro announced a €5 million seed round on 2026-10-14. Industrifonden led, and Nordic Foodtech VC joined as co-lead. Future Food Fund, PINC, AgFunder and GU Ventures participated. The company release says this follows a €2.5 million pre-seed in April 2024 and brings the total to approximately €7.5 million. That total is approximate, so it is not stored. The round stays in euros. AgFunderNews also writes $5.5 million for the round, which is its conversion and is not stored.
The company release says Industrifonden led and Nordic Foodtech VC joined as co-lead. AgFunderNews and the issue call the two firms co-leads. Both are listed as leads.
Funding history
| Round | Date | Amount | Lead |
|---|---|---|---|
| Seed 2026 | 2026-10-14 | Industrifonden, Nordic Foodtech VC |
Investors
- Industrifonden lead
- Nordic Foodtech VC lead
- Future Food Fund participant
- PINC participant
- AgFunder participant
- GU Ventures participant
Sources
Last verified:
- https://www.mynewsdesk.com/se/guventures/pressreleases/olsaro-closes-eu5m-seed-investment-to-scale-climate-resilient-cereal-genetics-3472341
Type: company announcement. Accessed 2026-10-14.
GU Ventures release timestamped 14 October 2026 08:01, datelined Gothenburg. Announces a €5 million seed led by Industrifonden, with Nordic Foodtech VC joining as co-lead, and participation from Future Food Fund, PINC, AgFunder and GU Ventures. Says a €2.5 million pre-seed in April 2024 brings the total to approximately €7.5 million. Names CEO Elén Faxö. - https://industrifonden.com/news-insights/olsaro-closes-eu5m-seed-investment-to-scale-climate-resilient-cereal-genetics
Type: funding announcement. Accessed 2026-10-14.
Industrifonden post published 14.10.26. Same amount, lead, co-lead, participants and approximate €7.5 million total. - https://agfundernews.com/olsaro-raises-5-5m-seed-round-as-salt-tolerant-wheat-nears-market
Type: reputable publication. Accessed 2026-10-14.
AgFunderNews by Elaine Watson, 2026-10-14 05:00 UTC. Reports a €5 million seed co-led by Industrifonden and Nordic Foodtech VC, with the same participants. Also writes $5.5 million and a cumulative $8.3 million, which are conversions and are not used. Discloses that AgFunder, the publication's parent, is an investor.