BoMill secures $2.2M from Capagro and existing investors.
BoMill, a Malmö, Sweden-based company providing equipment for sorting cereals, announced in a press release securing SEK 20M ($2.2M) in capital investment.
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.