Riga-based agtech startup Green Growth has secured $200,000 in a pre-seed investment from New Nordic Ventures. A software/hardware combo, Green Growth’s agricultural analysis solution provides farmers with detailed yield maps, ultimately driving efforts to optimise crop production. The new funds will enable the startup to further product development and till new soil in the marketing and sales departments.
Somewhat along the lines of what London-based Gardin is up to with its optical sensor technology, albeit on a plant by plant basis, Green Growth is using hardware and software to push the boundaries of optimised farming practices.
According to the startup, hardware component of their solution can be mounted to any combine harvester and uses optical sensors to measure and analyse that which is reaped. Combining this information with a GPS antenna, and the output results in a heat map of what areas of any given parcel are performing well, and which are not.
Going one step further, via the company’s proprietary algorithms, farmers are presented with actionable insights, reducing fertiser usage by 10 percent in one portion of their fields, for example, to gain optimal usage of the land.
“Yield monitoring is simply essential as an absolute indicator of farm efficiency. This is why it is so important to have accurate and timely information about land productivity from each sq m of farmland. We see our mission as bringing the best cutting-edge technologies to the agri sector,” explained CEO and co-founder Alfiya Kayumova. “This will ensure farmers have the opportunity to use fewer inputs, while generating greater output, with the added benefit of respect to long term soil management and future generations of farmers.”