Sencrop, a leading microclimate technology company with the largest community of connected farmers in Europe, raises $18 million led by JVP, to expand its agricultural revolution

  • Sencrop’s data-driven precision application empowers more than 20,000 farmers with a crop-centric view of weather conditions, disease and pest risks, and their irrigation needs.
  • Sencrop enables farmers to make better decisions and reduce the risks of their crops, with a positive agro-environmental footprint.
  • The leading European company is present in more than 20 countries and has offices in France (Headquarter), NetherlandsUK, Germany, Spain and Italy. With the new investment, the company will open an extension to the International Food Technology Center in the Galilee, Israel.
  • This decision is part of the international cooperation strategy between Israel and Francecombining AI, data and climate technology strategies to find new solutions to global climate and agricultural challenges.

LILLE, France, May 10, 2022 /PRNewswire/ — Sencrop, Europe the most exciting company in precision agriculture with its collaborative agro-weather solutions based on micro-climate, today announced a $18 million Series B fundraising led by JVP, as part of the climate and food technology initiative of the leading international venture capital fund.

EIT Food – backed by the European Union, Stellar Impact – managed by Telos Impact, IRD Management and existing Sencrop shareholders – including BPIfrance, Demeter IM and NCI Waterstart – are also participating in the transaction.

This funding round will strengthen Sencrop’s leadership in its main markets, accelerate its international expansion towards North Americaand consolidate its trajectory in its journey to become the global leader in AgTech.

Since its creation in 2016, the collaborative precision farming solution, Sencrop, has been helping farmers to limit their crop risks and make better decisions on a daily basis for more comfort, better yields and a controlled environmental impact with a mission clear, to make precision agriculture accessible to all. In six years, the ag-tech start-up has become Europe leader in field-connected solutions for all types of crops.

“This decision is part of a broader cooperation between the official investment arm of the French government, BPIfrance, with JVP and Israel in general, as part of a win-win strategy between our countries. President Macron expressly welcomed this as well as France Minister of Finances Bruno the Mayor“, said Erel MargalitFounder and Executive Chairman of JVP and Margalit Startup City, and added, “We expect more such projects to follow in light of this important cooperation.”

He noted: “From the first time we met Martin and Michael, the company’s co-founders, we realized that this leading European company, with its next-generation microclimate technology, had the ability to revolutionize the world of farmers. solutions, such as a personal Waze for the farmer’s weather conditions, the farmer can maximize the quality of their harvest in a very short time. Our investment in Sencrop is part of our broader vision to invest in companies that provide breakthrough solutions to the world’s most critical We are pleased to partner with Sencrop and support the team in bringing its breakthrough microclimate technology to North America and the rest of the world markets.”

Sencrop’s sensors and platform allow more than 20,000 professionals to receive real-time and predictive information on their plots: micro-climatic information, water stress, plant growth stages, disease or pest development conditions, etc. . Well-informed by thousands of data points, farmers can optimize the use of inputs, for example by spraying only when weather conditions are good or irrigating only when necessary. Additionally, the app allows the farmer to identify weather conditions, water stress, pests and disease risks to their crops, including frost spells and mold risk, and to act accordingly. result.

“Sencrop’s mission is to democratize precision agriculture and reduce agricultural risks for farmers”, says Martin Ducroquet, co-founder and CEO of Sencrop“We have developed a unique microclimate technology which today allows more than 20,000 professionals – farmers, winegrowers, arborists, etc. – to access ultra-precise and ultra-local information for better daily monitoring of their crops. and risks on their plots The fundraising, led by JVP, a leading global player in ag-tech, opens up new prospects for international acceleration that will be supported by new impact investors, specializing in the climate tech”.

“Sencrop’s microclimate technology is now used daily by a large community of farmers in more than 20 countries, with high uptake”, adds Michael Bruniaux, co-founder and CEO of Sencrop, “The reasons for this strong adoption lie in the simple, collaborative and impactful nature of our solution. As agricultural input prices rise and weather conditions become even more unstable and critical, Sencrop enables farmers to make the best decisions every day to reduce crop risks and limit environmental impact, while increasing their profitability. . »

Relying on an increasingly collaborative and open approach, Sencrop ensures that farmers are no longer faced with certain challenges alone. Connected by networks, they can share the information collected on their plots and help each other to find solutions. Sencrop’s activity is based on three pillars: (i) weather monitoring; (ii) anticipating disease and pest risks; (iii) irrigation management.

Gadi Poratthe managing director of JVP declares: “Sencrop is the only company that has the largest community of farmers connected to the Europebased on 20k customers who receive data online to help them achieve better results and maximize their returns. This new funding will allow Sencrop to expand this community globally, using more data to help more farmers.”

About Sencrop: www.sencrop.com

For more details, please contact Valerie Bighead of international communication for Sencorp at [email protected], +33(0)665087917

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