Amsterdam-based tech company says it will use funding to help future-proof the global food system
Deep-tech company Agurotech has announced that it has raised a new investment of €2.25mn to accelerate its international growth and help make the global food system more future-proof.
The Amsterdam-based group said that the funding had been raised from Navus Ventures, ROM InWest and Rabo Ventures.
Founded in 2020, Agurotech is led by Joëlle van den Brand and Lilia Planjyan, developing, manufacturing and delivering hardware and software solutions to farmers.
These solutions include sensor technology, weather stations and applications, enabling farmers to make informed decisions based on real-time data and insights, optimising resources like water.
According to Agurotech, the software provides insights into soil conditions, local weather patterns as well as AI-driven forecasts.
“Our system has been proving for nearly five years that farmers can grow more effectively with the help of our hardware and software,” said Van den Brand. “Optimising water, frost protection, fertigation, pesticides and crop protection usage also contributes to more sustainable agriculture.”
The group pointed out that farmers worldwide are facing new challenges, including extreme drought and unpredictable weather conditions.
”Traditional farming methods are no longer sufficient in this changing environment,” it stated. “Data-driven insights offer farmers an opportunity to adapt and make their practices more resilient for the future.”
The investment will allow Agurotech to expand internationally at a faster pace, it confirmed.
“We now have hundreds of customers and are gaining traction in more regions, especially in Southern Europe, the Middle East, the US, and Canada,” commented Planjyan.
”For these new markets, we need to build inventory, hire staff, set up services, and establish local partnerships – all requiring significant investment,” she continued. ”Thanks to this funding round, we can maintain our momentum and grow even faster.”
Navus Ventures, Rabo Ventures and ROM InWest said they aimed to further support the digitisation of agriculture and promote more efficient use of resources in the sector through the investment.
