Seaya Andromeda invests in agritech company Nax to scale in Brazil

Seaya Andromeda, a growth equity fund in Southern Europe and part of the Seaya investment platform, has acquired a 55 percent stake in agricultural SaaS Nax.

Nax is a provider of predictive modeling and monitoring solutions for the agricultural sector based on satellite imagery and artificial intelligence. The remaining 45 percent will stay in the hands of the founding team, who retain operational control of the company. 

The investment fuels Nax's strategic expansion, targeting Latin American growth, particularly in Brazil. Already operating across Europe and Latin America, Nax will leverage this funding to solidify its market presence, enhance service delivery through ongoing product development and expand its local teams.

Using satellite image processing and artificial intelligence, Nax conducts data analysis and actionable insights to maximize crop production and minimize costs for agricultural businesses. The company models the "optimal curves" of each crop, enabling practical recommendations to improve decision-making in key agricultural areas such as anomaly detection, irrigation optimization, fertilization, harvest management, yields, and production.

 Nax's founders, Aarón De Bernardis, Caleb De Bernardis, and Beatriz Sanchis Ruiz, commented: "This investment from Seaya Andromeda is a significant endorsement of our mission and will be instrumental in driving our growth throughout Latin America. Brazil's dynamic agricultural market presents a compelling opportunity, and we believe our technology can play a vital role in advancing the sector's productivity and sustainability."

Carlos Fisch, Partner at Seaya Andromeda, added: “Seaya Andromeda is committed to investing in companies revolutionizing agriculture through technology. Nax solutions, like our portfolio companies CrowdFarming and Biome Makers, exemplifies this commitment. Their technology empowers data-driven decisions, optimizing resource utilization and driving sustainable practices. We believe Nax has the potential to transform precision agriculture globally and are excited to be part of their journey."