eAgronom raises €1.2 million for its farm management software, brings a former Nike VP on board

robin@tech.eu

Tallinn, Estonia-based agritech company eAgronom has raised a €1.2 million convertible equity funding round to bolster its AI-based farm management platform, as the startup prepares to raise a further €10 million in Series A funding in the spring of next year.

The cash injection comes from local VC firm SuperAngel VC, IronWolf Capital (Vilnius), Cats.VC (Moscow), but also notable angel investors including Bolt (formerly Taxify) founder Martin Villig and Taavi Tamkivi, the founder of Salv.

The company is today also announcing that it has recruited Kristjan Luha, a former Vice President at Nike who was with the company for 17 years, as its new Chief Commercial Officer.

The fresh capital will be used to roll out its AI-powered digital consultancy services across more countries with the help of Luha. Basically, eAgronom wants to help farmers automate crop rotation plans to improve yield and become more sustainable, integrate satellite NDVI data, analyse their financial performance, and so on.

Its software product is currently used by some 1,500 farmers responsible for 1 million hectares of grain-land in Europe, the startup said.

Founded in 2016, eAgronom has raised a total of €4.5 million in funding to date.

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.