Stek advised In Ovo on its EUR 40 million EIB financing to transform agriculture with innovative poultry technology. The agreement was made possible with the support of the InvestEU programme.
In Ovo is a Dutch AgriTech scale-up and innovator. This funding will propel the expansion of Ella®, a fast and accurate technology to determine the sex of hatching eggs at an early stage.
By implementing this groundbreaking technology, hatcheries can exclusively hatch female chicks and decrease the use of valuable resources. This makes culling day-old male chicks unnecessary and improves overall sustainability.
in Ovo will also use the funds to invest in further innovations in the poultry sector.
Click here for the press release and here for a news article on this deal (Dutch language).
