Dyneval secures £500k from Kelvin Capital and other backers to scale semen analyser production.
The Edinburgh based agritech firm has raised over half a million pounds to accelerate manufacturing of its portable semen testing device.
Dyneval develops semen analysis technology that measures quality over time to evaluate fertility rates for veterinary and research applications.
Edinburgh based agricultural technology firm Dyneval has secured over £500k in new funding to accelerate the production of its portable semen analysis instrument. The investment round was backed by Kelvin Capital, Scottish Enterprise, Gabriel Investments, and Par Equity, along with support from Thorntons.
The capital will be directed towards ramping up manufacturing of the Dynescan Semen Analyser, a portable device designed to give farmers and veterinarians reliable quality control metrics for semen assessment. By providing measurements of sustained motility lifetime, the technology helps agricultural operators optimise breeding plans and improve conception rates.
From the founder
"We are very proud to secure this additional round of funding which will help to rapidly increase our production meaning we can help even more farmers across Scotland, the UK and beyond."
Tiffany Wood
CEO at Dyneval
Investor perspective
"Agritech may not be the first sector you think of when looking at Scotland’s top exporting industries but it has an outstanding global reputation which is why many investors are now looking into the sector."
Alistair Lang
Adviser, Thorntons
Use of funds
- 01Continue product development
