CropX Technologies, a digital agronomic farm management company, raised $30M in Series C funding.
The round was led by Aliaxis, with participation from Edaphon, Finistere Ventures, NTT Finance Corporation, OurCrowd, Reinke Irrigation, Yair Shamir, and Victrix.
The company intends to use the funds for the continued development of innovative capabilities for its agronomic farm management system, and the acquisition of companies with complementary technologies and market reach.
Led by CEO Tomer Tzach, CropX Technologies is a provider of agribusiness farm management solutions deployed in over 60 countries and across all arable continents. Its Agronomic Farm Management System synthesizes data from the earth and sky to offer advanced soil and crop intelligence and a suite of digital decision and planning tools, all on an app capable of tracking multiple farms and fields.
Users of its irrigation planning are able to conserve irrigation water and boost yields. In addition to irrigation, the system also optimizes the use of energy and fertilizers, supports farmers in adopting more sustainable farming practices, and is becoming a one-stop-shop for crop management. CropX now has over 100 employees in the US, the Netherlands, Israel and New Zealand and a large research and development department.
Through the partnership, Aliaxis and CropX will continue to collaborate closely in the field of data-driven precision irrigation.
The company has offices in Netanya, Israel, Warmoltslaan, Netherlands, Anaheim, CA, Wellington, New Zealand, and Bondi Junction, Australia.
FinSMEs
19/04/2023