BreedIT

Company Overview

Snapshot

Founded in July 2013 by Oded Sagee, BreedIT operates with 1–10 employees. The company raised $1.55M across four funding rounds. In July 2016, BreedIT was acquired by NovoMic in a merger transaction.

Business overview

BreedIT develops agro-breeding solutions for plant breeders and researchers, focusing on optimizing breeding processes for corporations, research, and government institutions. The company's core product, iBreedIT-Intelligent Decision Support System (IDSS), is a software solution designed to help breeders plan, manage, and analyze data, and perform research activities efficiently. BreedIT operates within the Agriculture & Food Technologies sector, specifically addressing the needs of the Ag Tech and Genetics & Input categories, with a focus on crops.

Strategic signal

In February 2017, the company, then operating as TechCare following its merger with Novomic, was reported to be developing a hat designed to treat head lice. This signals a significant strategic pivot from its original agro-breeding focus towards medical device development, indicating a diversification of its technological application and target markets post-acquisition.

Company Intelligence Q&A

What is BreedIT's primary offering?

BreedIT provides the iBreedIT-Intelligent Decision Support System (IDSS), a software solution designed to optimize agro-breeding processes for plant breeders and researchers.

When was BreedIT acquired?

BreedIT was acquired by NovoMic in July 2016. Following the merger, the company changed its name to TechCare in October 2016.

What was the total capital raised by BreedIT?

BreedIT raised a total of $1.55M across four funding rounds.

When did BreedIT go public?

BreedIT conducted an Initial Public Offering (IPO) in August 2013, listing on the OTC stock exchange under the ticker BRDT.

Did BreedIT receive any grants?

In May 2016, BreedIT received a grant from the European Commissions SME Instrument Program.