BoMill secures $2.2M from Capagro and existing investors.

Sweden Investments 12 October 2018
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BoMill, a Malmö, Sweden-based company providing equipment for sorting cereals, announced in a press release securing SEK 20M ($2.2M) in capital investment.

The backers include French venture company Capagro, which is investing SEK 15,6 million, and existing investors. BoMill is also owned by Almi Invest, Industrifonden and Syngenta Ventures.

BoMill, founded in 2003 by Swedish biochemist Bo Löfqvist and led by CEO Karin Wehlin, has developed a special machine that can sort grains and seeds by quality. Customers, which include mills or grain traders, can separate high-quality kernels for the consumer market from animal feed. This is traditionally done through spot checks, but that only measures the mean value of a grain lot.

In 2014, BoMill raised SEK 18.5M in outside funding for international expansion in a round led by Swedish venture company Industrifonden.