Fund-raising round launched

9bb1d0bb-92fd-4249-a79c-baa6fe46c8a9

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.” 

Content continues after advertisements

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.

Tom joins Trinity AgTech
Former produce manager takes on agtech role
‘Use it, don’t lose it’
'Insufficient data is a challenge to biostimulant use'