Home » TechBrew Robotics Rebrands as 4AG Robotics, Secures $17.5 Million Funding to Transform Mushroom Harvesting with Innovative Technology

TechBrew Robotics Rebrands as 4AG Robotics, Secures $17.5 Million Funding to Transform Mushroom Harvesting with Innovative Technology

by Agritech Digest
4AG Robotics raises funding - Agritech Digest
  • TechBrew Robotics, now known as 4AG Robotics, has secured $17.5 million in equity financing.
  • 4AG Robotics specialises in agritech and aims to transform mushroom harvesting—a labour-intensive process.
  • With the new funding, the company plans to develop a mushroom harvesting robot to enhance operational efficiency for farmers and promote sustainable growth by reducing waste.

Canadian startup, TechBrew Robotics, has rebranded as 4AG Robotics (pronounced “Forage”) and has secured $17.5 million in equity financing to advance the development of mushroom-harvesting technology. 

The funding round was led by BDC Capital’s Industrial Innovation Venture Fund and InBC Investment Corp. (InBC), with participation from Emmertech, Jim Richardson Family Office, Lex Capital, and other angel investors in Canada.

Due to the delicate nature of mushrooms, their harvesting requires a very labour-intensive process. 4AG Robotics is an agritech startup which focuses on building innovative robotics solutions for farmers and other agricultural producers. The company, with new funding, will address this critical challenge affecting the mushroom industry, with a mushroom harvesting robot that will enable farmers to increase operational efficiencies and grow more sustainably by reducing waste. 

(Read also: Climate Tech Startup Bio-Logical Secures $1M Funding for Carbon Removal and Resilient Farming Expansion in Kenya)

Sean O’Connor, CEO of 4AG Robotics, commented on this significant development: “We believe that we can build a globally successful robotics company, based right here in Salmon Arm (Canada), and are eager to start growing our team. We’re excited about the quality of this investment group and the people we can lean on in these critical years ahead. We have deep experience in agtech from BDC Capital and Emmertech, along with the fresh approach and new energy coming in from InBC’s new fund.”

4AG has secured purchase orders with farms in Canada and Europe, with a dedication to pioneering automation in agriculture. “We believe that in the years to come, 4AG Robotics can help indoor agriculture thrive across a variety of crops, and reduce the amount of produce we ship around the world on a daily basis,” said O’Connor. “However, our core focus right now is helping mushroom farms around the world increase their profitability, and harness our robots to reduce the environmental impact of farming.”

We are excited to share with youThis FREE E-Book of 50 Agritech Pioneers & Their Game Changing Innovations.

Download the Ebook now 

Related Posts

Leave a Comment

Agritech Digest is your gateway to a fascinating world where agriculture meets technology.

FOLLOW US ON SOCIAL

©2023 Agritech Media, All Right Reserved. Designed and Developed by KubuniX