BreedIT
Agro-breeding Planning and Management Solutions
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.
Log in to access full profile ›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.