Ubees, a precision beekeeping and pollination services provider, announced today that it has secured $8 million in growth capital. This funding was led by WindSail Capital Group, a Boston-based investment firm focused on energy innovation and sustainability.
This new funding round will accelerate Ubees’ growth to become the leading pollination services provider in the United States and abroad. Specifically, the company’s areas of focus are accelerating the deployment of its digital marketplace for beekeepers and farmers, growing its pollination services business, deploying IoT sensor technology to monitor the health and efficiency of bees, further developing algorithms to sharpen pollination monitoring and agricultural data, and expanding to new crops and geographies
Ubees has developed the third generation of its unparalleled data IoT technology for pollination services. Since the start of its commercialization in 2019, pollination revenues have doubled every year. Ubees manages more than 50 customers with nationwide operations in the United States, a research & development center in Europe, and a new project in South America with a major corporate partner.
“We are incredibly excited to be working with the Ubees team,” said Matthew O’Rourke, Principal at WindSail Capital Group. “More than one-third of the world’s food crops are dependent on pollination while bee populations have declined over the years. Meanwhile, demand for pollination-dependent crops such as almonds has increased to historic levels. Ubees is well positioned to deploy its pollination expertise and innovative technology to improve efficiencies for the world’s food supply chains.”
“We found the perfect alignment between WindSail and Ubees in our mission to expand pollination services in the U.S. and abroad, which are essential to our food production,” said Arnaud Lacourt, Ubees’ Co-founder and Chief Executive Officer. “We immediately understood each other, and I knew right away that WindSail was the right partner to collaborate with in the most sustainable way.”
For more information:
Ubees
www.ubees.com
