Use of technology has notably accelerated in the agriculture sector over the years, with Europe being at the forefront. From using robots to grow food to employing advanced aeroponic technology for increasing plant yield, AgTech or agriculture technology is now more widespread than ever. With such notable advancements, it doesn’t come as a surprise that the Amsterdam-based agtech startup Connecterra has set a new benchmark by securing the biggest Series B investment round for a European livestock tech company.
Connecterra secures €7.8M for its AI-based herd monitoring system
With €7.8 million, Connecterra secured the biggest Series B investment round for a European livestock tech company. Investors participating in the latest round include AgTech specialists ADM Capital, who also invested in the AgTech unicorn AeroFarms. Additionally, the leading international food safety enterprise Kersia, headquartered in France, and Dutch impact investor, Pymwymic, also took part in the new round. Existing investors Breed Reply and Sistema_VC are joined the round as well. Connecterra was represented by Humphreys Law through the process.
“Empowering farmers and the industry with a connected, AI-driven platform is a necessity for the future of food production. The COVID-19 outbreak brings sharp focus upon the weaknesses in our food system that is disconnected and faces threats from climate change, and a dwindling labour workforce. With the support of our top-class investors, customers and partners, we are well-positioned to democratise access to our technology to millions of farmers across the globe”, says Yasir Khokhar, CEO of Connecterra.
Boosting regenerative farming practices with AI
Connecterra’s mission is to train Artificial Intelligence in farming. This will enable empowering farmers of all sizes to increase the productivity of their farm, while reducing the notable impact animal agriculture has on our planet. The primary solution by the company is Ida, an artificial intelligence-based system. It connects farmers and the value chain for identifying issues on a farm, recommending solutions, and supporting farmers transition to sustainable farming. It also enables running the most efficient dairy farm by working with farmers to identify issues, recommend solutions, and streamline operations.