Ovo Technology

Company Overview

Snapshot

Founded in February 2017, Ovo Technology operates with 1–10 employees. The company has raised $3.04M across 9 funding rounds from 8 investors.

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 technologies sector, specifically targeting the livestock and poultry markets with its biotechnology and materials science solutions.

Strategic signal

Ovo Technology ceased operations in August 2024, indicating a significant shift in its business trajectory. This event signals to investors and innovation teams that the company's pioneering work in sex-reversal technology for the poultry industry has concluded, potentially due to market challenges, funding constraints, or strategic decisions, and suggests a need to re-evaluate the landscape for similar sustainable farming and protein innovations.

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 profitability and economic efficiency of female broilers by improving their weight gain and feed conversion ratio.

When was Ovo Technology founded?

Ovo Technology was founded in February 2017.

What is the status of Ovo Technology?

Ovo Technology is Non Active and ceased to operate in August 2024.

Which investors participated in the March 2021 funding round?

In March 2021, Ovo Technology received funding from Net Capital Ventures and BioMeat Foodtech.