The new investors are AgTech specialists ADM Capital (investor in AgTech unicorn Aero Farms), leading international food safety enterprise Kersia, headquartered in France and Dutch impact investor, Pymwymic. Existing investors Breed Reply and Sistema_VC are among others that also joined the round.
Biggest ever series B funding round for a Dutch AgTech
The EUR7.8 million raised is the biggest ever series B funding round completed by a Dutch AgTech company active in farm animal technology. This is also the largest ever series B investment secured by a European livestock tech company.
With this impressive amount raised, Connecterra has support from major AgTech and industry investors to accelerate the growth of its predictive AI platform, Ida. Ida has evolved from sensor tech to a full-stack technology and AI platform, combining proprietary sensor hardware, animal data, third-party enterprise data, and machine-learning algorithms.
Major traction from key industry players
There has been a rapid digital transformation in the global agricultural sector over the last few months because of COVID-19. Farmers and other key industry players are more acutely aware of the need for sustainable and efficient farming practices.