To solve the issues related to the agriculture industry including soil health, labour shortage, transportation cost and sustainable irrigation, some great technologists and entrepreneurs are working really hard to eradicate these problems. And, investors are also helping them by funding their worthy ideas.
One such startup from France named Agricool has recently raised $28 million (around €25 million) in its latest round of funding. The startup competed with Bpifrance, Danone Manifesto Ventures, Marbeuf Capital and Solomon Hykes, among others and it is working on sustainable containers to grow fruits and vegetables in urban areas; starting with strawberries.
Agricool has got the investments from Bpifrance Large Venture Fund, Danone Manifesto Ventures, Antoine Arnault via Marbeuf Capital, Solomon Hykes, daphni, XAnge, Henri Seydoux, and Xavier Niel via Kima Ventures.
In 2016, the Paris-based startup raised $4.3 million of funding, so now the company has raised $41.3 million of funding in total. Founded by Guillaume Fourdinier and Gonzague Gru in 2015, the startup idea flourished when both the founders were bothered by pesticides and chemicals affecting the quality of fruits and vegetable, including nutritional value and taste. How is Agricool working towards a sustainable and urban Agtech future? Let’s find out!