Capagro and BASF Venture Capital led the round, along with a new private financing partner. Existing investor 4FO Ventures as well as private investors from Business Angels Switzerland (BAS) and investiere also contributed, renewing their confidence in ecoRobotix’s business potential. The new funds will be used to achieve European market entry.
“After a successful Series A round of CHF 3 million in 2016, ecoRobotix is now entering a second phase of its existence, which is to grow into an international commercial company”, explains Aurélien G. Demaurex, CEO and co-founder of ecoRobotix. “In addition to our historic investment partners, we are glad to see the interest of new European investors such as Capagro and BASF Venture Capital, who will contribute significantly to achieving our market access objectives”, he adds.
Bénédicte Monpert, Partner at Capagro, states: “Robotics in agriculture represents a great opportunity to help farmers improve their profitability and their environmental impact. We are very pleased to work with such a great and dedicated team, and to help ecoRobotix introduce its sustainable agriculture products on the market, starting in Europe”.
Markus Solibieda, Managing Director at BASF Venture Capital, says: “We support our customers and society with chemistry that makes optimal use of available resources, and are working to integrate sustainability increasingly in all our business processes. One part of this is the investment in Artificial Intelligence-based technology platforms like the one offered by ecoRobotix. We are looking forward to being part of this new opportunity”.
ecoRobotix’s first round lead investor, 4FO ventures, represented by Dr Jean-Pierre Rosat, adds: “We are delighted to be joined by these two renowned and reputable investors specialized in agritech. This second round of financing is a success for ecoRobotics as well as for our early-stage fund”.
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