Fyto’s Series A funding of $15 million was led by GV (formerly Google Ventures).

Fyto, a sustainable foodtech startup headquartered in the San Francisco Bay Area, has developed hardware and software systems for the sustainable production of “superplants,” or highly nutritious aquatic plants that can be grown and harvested round the year. Fyto announced Thursday its $15 million Series A raise led by GV (formerly Google Ventures), with existing investors AgFunder, Refactor Capital, First Star Ventures, and Bolt also participating in the funding. (Businesswire)

Nutrients, available sustainably

Traditional methods of producing plants for nutritive applications take a toll on the environment and are expensive to produce in terms of energy, land, water and labor.

However, Fyto’s technology allows for the production of aquatic plants that are packed with nutrients including key amino acids, energy, vitamins, minerals, and fatty acids. With the added benefits of being very palatable and easily digestible, these plants can be produced using Fyto technology that significantly reduces production costs, water usage, and greenhouse gas emissions.

“Fyto’s patented, automated system can utilize waste streams from farming operations as inputs and has the potential to reduce greenhouse gas emissions from these operations by more than 50 percent,” the company said in a statement. “Fyto’s farms can generate 10-20X more protein per acre while using 5-10X less water than industry-standard feed ingredients, such as alfalfa, the largest water consumer in the State of California.”

“The company can have an immediate impact in livestock applications while advancing its technology platform to create meaningful progress in the agricultural sector,” said GV General Partner Andy Wheeler, who has also joined Fyto’s Board of Directors.

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