Sencrop, a French connected farming company that provides weather analytics services for agriculture, announced it raised $18 million in a Series B funding round that was led by Jerusalem Venture Partners.
Sencrop has helped farmers limit crop risks and make better decisions for comfort, better yields and controlled environmental impact, with a mission to make precision farming accessible to all since 2016. With its latest funding, Sencrop will seek to strengthen its presence in its core markets and will accelerate its international expansion toward North America.
European Union-supported EIT Food, Stellar Impact, IRD Management and Sencrop’s existing shareholders, including BPIfrance, Demeter IM and NCI Waterstart, also invested into the funding round.
“Our investment in Sencrop is part of our wider vision to invest in companies that provide ground-breaking solutions to the world's most critical challenges,” said Erel Margalit, founder and executive chairman of JVP and Margalit Startup City. “We are happy to join forces with Sencrop and support the team to bring its ground-breaking micro-climate technology to North America and the rest of the world markets."
“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, specializing in climate-tech," said Martin Ducroquet, Sencrop's co-founder and general manager.
Sencrop's sensors and platform enable more than 20,000 professionals to receive real-time and predictive information for their plots. The information professionals can receive includes micro-climatic information, water stress, plant growth stages and disease or pest development conditions.
"As agricultural input prices are rising and weather is becoming even more unstable and critical, Sencrop enables farmers to make the best decisions every day to reduce crop risks and limit environmental impact, while increasing their profitability," said Michael Bruniaux, Sencrop's co-founder and CEO.
Sencrop will continue to ensure farmers that they do not need to be alone when facing certain challenges. They can share the information gathered on their plots through a connected network and help each other find solutions.
Explore the disruption and opportunity IoT and its related technologies are creating at IoT Evolution Expo, taking place in Ft. Lauderdale, Florida, June 21-24, 2022, part of the #TECHSUPERSHOW experience. Plus, discover advances in edge computing, machine learning and AI; and understand the role these technologies play in ushering in the new age of digital transformation. Participate in more than 100 business and technology conference sessions, workshops and keynotes, meet key suppliers in the exhibit hall, and network with prospective partners and customers during the many networking and other special events during the week.
Edited by
Erik Linask
