- Weenat, a French agtech startup, secured €8.5 million in funding from ECBF, Pymwymic, LIBERSET, and IDIA Capital Investissement to drive sustainable agriculture solutions.
- The investment aims to address water scarcity challenges exacerbated by climate change, with agriculture currently accounting for 70% of global freshwater withdrawals.
- Weenat is committed to innovation and supporting farmers through data-driven tools, evidenced by its acquisition of Weather Measures in 2021.
- Founded in 2014, Weenat has become a leader in sensor technology for agriculture, boasting profitability in its core operations and deploying over 25,000 sensors across Europe.
Weenat, a French agtech specialising in mobile and connected solutions for farmers, recently secured €8.5 million in investment from prominent entities like ECBF, a European bioeconomy impact fund based in Germany, Pymwymic, a Dutch impact investor, LIBERSET, a transatlantic investment company, and IDIA Capital Investissement, a Series B investor reaffirming its confidence in Weenat.
These investments are dedicated to fostering a more sustainable agriculture system in response to the undeniable reality of climate change, which presents significant challenges in water scarcity and management for the coming decades.
Agriculture currently accounts for 70% of global freshwater withdrawals, with more than half of this water inefficiently used due to the absence of suitable tools.
Weenat is committed to supporting farmers in addressing the challenges posed by water scarcity, with innovation central to its strategy. The company strengthened its research and development capabilities by acquiring Weather Measures, a data-driven Agtech startup, in 2021.
This acquisition underscores Weenat’s dedication to delivering advanced technologies to the farming community, whether through internal innovation or external partnerships and acquisitions.
Jérôme Le Roy, founder of Weenat, said: “We are thrilled to welcome new investors who share our commitment to make the most meaningful impact. With these new financial means, we will continue to innovate, equipping the farming community with data-driven tools essential for more resilient agriculture which currently faces so many challenges.”
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Since its founding in 2014, Weenat has emerged as a technological trailblazer, introducing the first wireless weather station integrated with a mobile application.
Since then, the company has developed significant expertise in producing dependable sensors and has fostered in-house capabilities in engineering, machine learning, agronomy, and metrology.
With a decade of experience, Weenat has achieved profitability in its core operations and has installed over 25,000 sensors across Europe.
