Denmark-based agtech FieldSense has raised €2.9 million funding to strengthen its position in current markets and extend into new ones. The round was led by Danish Agro, with early-stage investor Rockstart as co-investor alongside Pajbjergfonden.
Founded in 2015, the Danish startup launched its agtech weather services in 2018 to provide hyper-local weather information and forecasts to help farmers monitor and act upon changes in local, microclimatic conditions. Based on weather data from in-field, solar-powered weather stations, the Danish agtech company is creating user-friendly tools for farmers.
John Smedegaard, CEO, FieldSense said: “The investment will help us bring better weather information to farmers. With the joint support from our current investors, we’ll be intensifying our efforts to obtain a stronger market presence in existing and new markets in Europe.”
Mark Durno, managing partner in AgriFood at Rockstart said: “With thousands of operational weather stations already installed, FieldSense has more weather sensors than many governments. Their ability to ‘map’ microclimate efficiently and affordably gives the granularity and accuracy that farmers need to plan and mitigate climate risk properly.” The AgriFood fund is Rockstart’s first fund launched in 2019.
Henning Haahr, Group CEO, Danish Agro added: “The future is digital in farming and Fieldsense have developed some great solutions that adds value to the modern farmer.”
Since the release of the weather station in Denmark in 2018, FieldSense has achieved a strong market presence in Scandinavia, the Baltics and Northern Germany, counting over 1400 customers, 2000 active weather stations, and a team of 16 dedicated employees at its offices in Aarhus, Denmark.