Ovo Technology
Sex-reversal Technology for the Poultry Industry
Company Overview
Snapshot
Founded in February 2017, Ovo Technology operates with 1–10 employees. The company has secured $3.04 million in total capital across 9 funding rounds from 8 investors. In March 2023, BioMeat Foodtech participated in a funding round for the company.
Business overview
Ovo Technology develops sex-reversal technology for the broiler industry, focusing on making female broilers function like males in terms of weight gain and feed conversion ratio. The company's core product involves a natural material composition injected into chicken embryos. Ovo Technology serves the agriculture and food industries, specifically targeting the livestock and poultry sectors, with a business model focused on B2B. Its products are currently in the R&D stage, with geomarkets including the United States, Europe, Australia, and Brazil.
Strategic signal
Ovo Technology ceased operations in August 2024, indicating a significant shift in its business trajectory. This cessation of activity suggests that the company's sex-reversal technology for the poultry industry did not achieve sustainable commercial viability or faced insurmountable challenges, sending a signal to investors about the inherent risks and difficulties in bringing novel biotechnologies to market within the agriculture sector.
Log in to access full profile ›Company Intelligence Q&A
- What is Ovo Technology's primary focus?
- Ovo Technology focuses on developing sex-reversal technology for the broiler industry, aiming to enhance the economic efficiency of female broilers by improving weight gain and feed conversion ratios to match those of males.
- When was Ovo Technology founded?
- Ovo Technology was founded in February 2017.
- What is the status of Ovo Technology?
- Ovo Technology is currently non-active, having ceased operations in August 2024.
- Which investor participated in a funding round in March 2023?
- In March 2023, BioMeat Foodtech participated in a funding round for Ovo Technology.
- Which investors participated in a funding round in March 2021?
- In March 2021, Net Capital Ventures and BioMeat Foodtech participated in a funding round for Ovo Technology.