GAAP Is Excited to Announce the Recent Close of an Undisclosed Investment Round Into BioScout

GAAP Is Excited to Announce the Recent Close of an Undisclosed Investment Round Into BioScout - Australia

2023-05-30 04:56

SASKATOON, Saskatchewan--(BUSINESS WIRE)--May 29, 2023--

Saskatchewan's Global Agri-Food Advancement Partnership (GAAP) recently led and closed an investment round into BioScout Australia along with sector leading investor Artesian (Alternative Investments), and other existing BioScout investors.

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BioScout's technology can alert farmers that a disease is about to strike their crop. (Photo: Business Wire)

This investment will not only support the ongoing growth of BioScout within Australia, as well as facilitate their international growth -- starting with their expansion into North America with offices in Saskatoon.

This investment followed BioScout’s participation in GAAP’s Navigate program in 2022, where CEO & Founder Lewis Collins and Head of Science Michelle Demers were able to spend an extended period within Canada, benefitting from GAAP’s customized programming and one-on-one concierge services. Their exploratory trip to Canada was an unbelievable success: while here they met with investors, farmers and other industry experts.

A high-tech solution to fungal crop disease. https://www.bioscout.com.au/

BioScout's product can find the “unseeable” and react to disease presence weeks before it could impact the yield of your crop. Seeing real-time and pre-symptomatic disease data allows the end-user to save yield and minimize fungicide resistance. With the airborne disease tracking platform, farmers are alerted when disease is going to strike and learn what they can do about it. BioScout catches and analyzes air particles to let farmers know what is happening in their field.

“We are very excited to expand BioScout into Canada and deliver our world-first disease detection and management technologies to Canadian growers. Canada's dynamic agricultural sector is a perfect fit for BioScout sharing our values, culture and aspirations for profitable and sustainable farming. Partnering with GAAP(Navigate) has given BioScout the opportunity to accelerate our expansion into Canada and base ourselves within the Saskatchewan community. BioScout is now working with local growers and scientists to enable our technology to best serve Canadian farmers.” Lewis Collins, CEO, BioScout.

The team at GAAP is very excited to work with BioScout and their new innovative product. GAAP sees BioScout as a huge new player in the area of disease detection and sustainable practices. By detecting diseases weeks before they start to affect your crop and yields, BioScout can help farmers across Canada and North America to reduce the use of sprays. BioScout has applications in many crops including broad acre crop production, vineyards and fruit and vegetable production.

View source version on businesswire.com:https://www.businesswire.com/news/home/20230529005140/en/

CONTACT: Grayson Berting

Marketing Manager

P: 306-231-6468

E:gb@gaapvc.com

KEYWORD: AUSTRALIA/OCEANIA AUSTRALIA NORTH AMERICA CANADA

INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES FOOD TECH TECHNOLOGY OTHER NATURAL RESOURCES

SOURCE: Global Agri-Food Advancement Partnership

PUB: 05/29/2023 04:40 PM/DISC: 05/29/2023 04:38 PM

http://www.businesswire.com/news/home/20230529005140/en