About Alora
Alora is a company based in Kitchener (Canada) founded in 2005 by Rory Hornby.. Alora has raised $1.65 million across 3 funding rounds from investors including Mistletoe, Toyota Ventures and IndieBio. Alora offers products and services including Ocean Agriculture System and Salt-Tolerant Crop Process.
- Headquarter Kitchener, Canada
- Founders Rory Hornby
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.65 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Mistletoe
& 2 more
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Employee Count
Employee Count
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Products & Services of Alora
Alora offers a comprehensive portfolio of products and services, including Ocean Agriculture System and Salt-Tolerant Crop Process. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
System for developing salt-tolerant crops to grow in oceans
Method to restore salt tolerance in plants for sustainable production
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Funding Insights of Alora
Alora has successfully raised a total of $1.65M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(01 Jun 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2026 | Amount | Seed - Alora | Valuation |
investors |
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| Apr, 2022 | Amount | Seed - Alora | Valuation |
investors |
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| Jun, 2019 | Amount | Seed - Alora | Valuation | IndieBio |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Alora
Alora has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Mistletoe, Toyota Ventures and IndieBio. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A community-focused entity is operated for collective impact initiatives.
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Founded Year | Domain | Location | |
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Venture capital firm and infrastructure firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Biotech startups are accelerated through IndieBio's focused programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Alora
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Alora
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alora Comparisons
Competitors of Alora
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Alora
Frequently Asked Questions about Alora
When was Alora founded?
Alora was founded in 2005 and raised its 1st funding round 14 years after it was founded.
Where is Alora located?
Alora is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Is Alora a funded company?
Alora is a funded company, having raised a total of $1.65M across 3 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Jun 01, 2019.
What does Alora do?
Founded in 2005 in Kitchener, Canada, Alora operates in the agricultural biotechnology sector. Patent-pending processes are utilized to restore salt tolerance in plant varieties by targeting genes for stem cell generation. These cells are regenerated in laboratories and grown in ocean-based systems, where nutrients are drawn directly from surrounding saltwater. Operations focus on sustainable crop production adapted to saline environments.
What products or services does Alora offer?
Alora offers Ocean Agriculture System and Salt-Tolerant Crop Process.
Who are Alora's investors?
Alora has 3 investors. Key investors include Mistletoe, Toyota Ventures, and IndieBio.