XFarm Technologies, a Manno, Switzerland-based company that helps to digitalise the agri-food sector, raised €36M in Series C funding.
The new round, which followed the €17M Series B round in 2022 and the first €3M round in 2019, was led by Partech, through its Impact Growth Fund. Other investors included Mouro Capital. Swisscom Ventures, United Ventures, and all previous institutional investors also participated.
The company intends to use the funds to consolidate its position in Europe and accelerate its expansion throughout the rest of the continent, as well as in LATAM, India, Turkey, and the US, where it has already started to strengthen its presence through new hiring and strategic partnerships.
Led by CEO Matteo Vanotti, xFarm Technologies is a tech company focused on the digitalisation of the agri-food sector, providing tools that can support farmers and stakeholders in the management of their businesses.
By combining AI technologies with its agronomic knowledge, it supports the work of 450,000+ farms belonging to more than 100 supply chains on 7 million hectares in more than 100 countries worldwide.
The company is already well established in Europe, in particular in Switzerland, Italy, Spain, France, Germany, Poland and the UK.
FinSMEs
08/10/2024