eAgronom, a Tartu, Estonia-based agtech startup, raised €1m in seed funding.
Backers included Black Pearls VC, Trind Ventures, TMT Investments, United Angels VC, and business angels Ragnar Sass, Andrus Purde, Martin Tajur, Andres Kull, and Aivar Berzin.
The company intends to use the funds to improve platform’s agronomical and financial analysis modules to help calculate how agronomical decisions affect financial results, and scale sales and support teams.
Founded by Robin Saluoks and Stenver Jerkku 2 years ago, eAgronom provides farmers with a web and mobile platform where farmers can manage and oversee their entire farm, employees and fields in real time. As a planning and management tool for grain farmers, the solution allows them to achieve significant economic gains and reduce risks by proper planning and task timing in sowing rotational system.
With headquarters in Estonia and over 35 top specialists on board, the company has already rolled out in 9 european countries and is already used to manage over 700,000 hectares (out of 50M in total grain hectares in EU).