10 May 2022
Agtech specialist 'opens up new prospects'
AG-TECH specialist Sencrop, which provides precision farming solutions, has announced an $18 million Series B fund-raising round led by JVP, as part of the leading international VC fund’s climate and foodtech initiative.
EIT Food - supported by Stellar Impact - managed by Telos Impact, IRD Management and Sencrop’s existing shareholders, including BPIfrance, Demeter IM and NCI Waterstart – are also taking part in the transaction.
Sencrop’s co-founder and General Manager, Martin Ducroquet, said: “The fundraising, led by JVP - a global reference player in ag-tech - opens up new prospects for international acceleration that will be supported by new impact investors, specialising in climate-tech.”
Sencrop's microclimate technology is now used on a daily basis by a large community of farmers in more than 20 countries and its online data is received by 20,000 customers.