Miraterra Acquires Trace Genomics Amid Market Challenges

Miraterra has acquired Trace Genomics, enhancing its soil measurement capabilities. This acquisition includes Trace’s IP portfolio and lab in Iowa, aiming to improve soil health understanding. The deal follows Trace’s $10.5 million Series B funding in 2024, highlighting the ongoing challenges in the agtech sector.

Original excerpt: Trace Genomics said its focus shifted “to finding the right home” for its soil-measurement technology amid market headwinds…

Source: AgFunderNews