Treetscope, a Tel Aviv, Israel-based precision irrigation management startup, raised $7M in Seed funding.
The round was led by Champel Capital, with participation form Leon Recanati’s GlenRock fund, SeedIL, YYM-Ventures, Agrovision, NEOME, GN-Z11 and Earth.vc.
The company intends to use the funds to aid with R&D, accelerate overall growth and commercial agriculture expansion in North America and beyond.
Led by CEO Dotan Eshet, Treetoscope provides a plant-based irrigation management platform that helps growers make precise irrigation decisions thanks to real-time sap and water uptake data from the crop itself. Rather than using soil sensors, that don’t tap into the plant, or tree trunk sensors that are limited to measuring tree circumference, its in-tree/plant sensors directly measure water uptake in real-time. Combined with AI, integrated weather data, satellite imagery and other remote data, Treetoscope’s irrigation management system provides growers with a more accurate data set to easily schedule irrigations, cut-back water and other input costs, and ensure optimal crop health and production.
Treetoscope has commercially collaborated with some of agri-businesses, as well as research institutes around the globe:
- In North America, The Toro Company, has partnered with the company and co-branded the innovative technology (Transpira). This collaboration has led to the launch of sales in the U.S. and Mexico.
- Netafim, a global leader in sustainable agricultural-irrigation solutions, has validated Treetoscope technology over three years, paving the way for global commercialization partnership.
To date, Treetoscope has secured more than $10 million in total investments, which includes grants from the Israel Innovation Authority and Bird Foundation, a joint Israel-U.S. government fund.
FinSMEs
05/10/2023