Smart farming startup raises $10 million in funding

Smart farming startup CropX announced it has raised $10 million in funding from new investors Sumitomo, Armada Capital and TaL Capital, who joined existing investors, Finistere Ventures, Germin8 Ventures, GreenSoil Investments, Innovation Endeavors and OurCrowd in the round. 

Other past investors in the company include ICL, Lab IX (the Flex technology accelerator), and Robert Bosch Venture Capital GmbH (RBVC).

The company raised a $9 million Series A in 2015 led by Finistere Ventures and including Innovation Endeavors, GreenSoil Investments, and early CropX backer, OurCrowd. The following year, this round was extended to $10 million to accommodate further investment interest from RBVC) and the Flex technology accelerator, Lab IX.

With offices in both Tel Aviv and San Francisco, CropX integrates the full range of farm data insight channels – satellite, weather, crop modeling, topographical data, scalable soil sensing technology, and cloud-based agricultural analytics, with top irrigation systems to give farmers unprecedented insights into their operation, both above, and below ground. 

Read the full article at Global AgInvesting (Lynda Kiernan)

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