A $7M grant from the Gates Foundation to support development of climate-resilient crops (focus on smallholder farmers in Sub-Saharan Africa and South Asia). Spin-out from VIB–UGent; technology validated in corn. Exact valuations not disclosed.
About Rainbow Crops
Belgian AgTech spin-off developing the Trait Foundry™ platform that combines multiplex genome editing, AI, classical breeding and phenotyping to create climate-resilient crop traits (focus on maize, sorghum and rice).
Gent, Belgium
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Source: https://techfundingnews.com/gates-foundation-backs-vib-spinout-with-7m-for-resilient-corn-sorghum/
Frequently Asked Questions
What type of funding round did Rainbow Crops raise?
Rainbow Crops raised a grant round.
How much did Rainbow Crops raise in its grant?
Rainbow Crops raised $7,000,000 USD in its grant.
When did Rainbow Crops raise its grant?
Rainbow Crops raised its grant on 2026-03-04.
Who invested in Rainbow Crops's grant?
The investors in Rainbow Crops's grant are: Bill & Melinda Gates Foundation.
What type of investment was Rainbow Crops's grant?
Rainbow Crops's grant was a equity investment.
How will Rainbow Crops use the funds from its grant?
Rainbow Crops plans to use the funds for: Advance Trait Foundry™ platform, Accelerate development of climate-resilient germplasm, Improve seedling performance under heat and drought, Research on corn, sorghum, and rice, Generate trait components for breeding pipelines.