Dutch biotechnology In Ovo secures a €40M loan from European Investment Bank to make culling of male chicks ‘a thing of the past’

In Ovo combines animal welfare and efficiency by offering biotechnological solutions to the poultry industry. Here are details of In Ovo‘s latest funding round :

https://inovo.nl/

🚀 Launch

2013

🏭 Industry

Biotechnology

🧠Management

Wouter Bruins (Founder)

💸 Funding & Investors

INVESTMENT (Novembre 2023)€40 million (loan)
INVESTORS (Novembre 2023)European Investment Bank (EIB)

🎯 Funding purpose

Expand its technology that determines the sex of hatching eggs and makes culling day-old male chicks unnecessary.

🌐 Country HQ

The Netherlands (Zuid-Holland)

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