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Founded in 2017 by Samuel Fournier and Benjamin De Leener, Montréal-based ChrysaLabs develops a handheld, artificial intelligence-powered probe that utilizes spectroscopy and machine learning to provide real-time soil analysis. The company's hardware and software suite measures up to 40 soil parameters, including pH, nutrients, and organic matter, enabling farmers and agronomists to make immediate crop management decisions. The agricultural technology has been deployed across more than two million acres spanning seven countries, six Canadian provinces, and 25 states in the United States. ChrysaLabs has raised over $21 million CAD in total funding from a syndicate of venture capital investors that includes Leaps by Bayer, TELUS Ventures, and BDC Capital. The enterprise has also established strategic commercial partnerships with major industry stakeholders such as Decisive Farming by TELUS Agriculture to integrate soil insights into agricultural platforms.
ChrysaLabs has raised $12.3M across 2 funding rounds.
ChrysaLabs has raised $12.3M in total across 2 funding rounds.
ChrysaLabs has raised $12.3M in total across 2 funding rounds.
ChrysaLabs's investors include At One Ventures, BDC Venture Capital, Fulcrum Global Capital, Anges Québec, AQC Capital, Ecofuel, Emmertech, Koan Capital, Juergen Eckhardt, Mario Mele, Richard Cloutier, Premier Tech.
ChrysaLabs builds a real‑time, portable soil‑analysis system that gives growers and carbon projects lab‑grade soil data in under 30 seconds using a probe, onboard spectroscopy and machine‑learning models; the company focuses on agricultural productivity, fertilizer optimization and soil‑carbon measurement services and is headquartered in Montreal, founded in 2017.[2][3][1]
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ChrysaLabs has raised $12.3M across 2 funding rounds. Most recently, it raised $11.0M Series A in May 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2023 | $11M Series A | — | AT ONE Ventures, BDC Venture Capital, Fulcrum Global Capital, Anges Québec, AQC Capital, Ecofuel, Emmertech, Koan Capital, Juergen Eckhardt, Mario Mele | Announced |
| Jan 29, 2021 | $1.4M Venture Round | Richard Cloutier | Anges Québec, Premier Tech | Announced |