This week was an exciting one for agriculture technology startups. New deals, including two involving our portfolio companies, marked yet another step forward in the pursuit of increased yields, long-term profits and improved quality of life for farmers and consumers.
Invested Development backs India’s CropIn by Louisa Burwood-Taylor on Agri Investor
We were excited to announce our investment in CropIn Technology Solutions and chat with Agri Investor about the deal. CropIn provides real time information management technology to farms and large companies. With the new cash, CropIn plans to scale its technology, hire new talent, and explore opportunities across new crop segments and regions of India. Watch out for an upcoming blog post providing more details on our investment in CropIn and the trends that make it an exciting investment opportunity.
CropIn Technology raises funding to bring big data to farms by Peerzada Abrar on The Economic Times
Our newest investment, CropIn Technology Solutions, was also featured in one of India’s leading publications, The Economic Times. Abrar interviewed CropIn’s management on their use of data analytics to provide insights to farmers that help them adopt best agricultural practices and increase their crop productivity. CropIn’s technology has been employed on 25,000 acres owned by over 15,000 farmers and is also used by larger firms such as Nuziveedu Seeds and ITC Group. Our investment follows a previous seed round in which CropIn received financing from Seeders Venture Capital and Ankur Capital.
OnFarm Doubles Their Agricultural Based Crowdfund Investment Goal on CrowdMapped
Our portfolio company OnFarm has passed the $800,000 mark on AgFunder, oversubscribing its original goal of $400,000. It took the California-based company just over a month to reach this mark, doubling the original goal of $400,000. OnFarm integrates monitoring, measuring and analyzing of data for farmers, presenting it in real time through an easy-to-use platform. The company will use the financing to further develop its data science and analytics offerings. We’re pleased that our portfolio companies continue to lead the way in innovation, both in the products and services they offer, and in the development of the overall ecosystem.
Yield Pop is now part of The Climate Corporation on yieldpop.com
Following its recent integration of Precision Planting and purchase of Solum, Inc., The Climate Corporation has now added Yield Pop to its family. Monsanto famously acquired Climate late last year and the company continues to grow. Today, acquiring Yield Pop is an effort to solidify its commitment to help farmers optimize crop yields and use their resources more effectively by selecting the best seeds for fields. The Switzerland-based startup helps farmers optimize their seed selection and also provides performance analytics. The Climate Corporation will look to continue building on its arsenal of precision hardware and software in the future.