- xFarm Technologies raised €36 million in a Series C funding round to accelerate its global expansion, particularly in Europe, Latin America, Turkey, India, and the US, and enhance its services for regenerative agriculture using AI-driven data analysis.
- The round was led by Partech’s Impact Growth Fund, with participation from Mouro Capital, Swisscom Ventures, United Ventures, and previous investors, reflecting their confidence in xFarm’s leadership in agri-food digitalisation
- xFarm solidified its European leadership with recent acquisitions of Greenfield Technologies and SpaceSense, and the new funds will drive innovations in climate intelligence, AI, and market-specific solutions.
- CEO Matteo Vanotti emphasized the company’s focus on sustainability, with plans to introduce a fintech and insurtech division for risk management and lending, helping farmers implement regenerative practices more effectively.
xFarm Technologies, an agritech company specialising in the digital transformation of the agri-food sector, has raised €36 million in a Series C funding round.
This new capital will fuel its global expansion, particularly in Europe, Turkey, Latin America, India, and the US, while enhancing its services to promote regenerative agriculture through artificial intelligence-powered data analysis.
The funding round, led by Partech through its Impact Growth Fund, also saw participation from Mouro Capital, Swisscom Ventures, United Ventures, and previous investors.
These investors express confidence in xFarm’s potential to lead the digitalisation of farming, building on its notable achievements since raising €17 million in 2022 and €3 million in 2019.
Following its recent acquisitions of Greenfield Technologies, a Spanish firm focused on regenerative agriculture, and SpaceSense, a French company specializing in geospatial AI, xFarm solidified its position as a European leader.
The Series C funding will enable the company to enhance its services, improve market-specific solutions, and drive innovation in climate intelligence and AI for agronomic support.
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CEO Matteo Vanotti emphasized the company’s commitment to sustainability, noting that the new funds will allow xFarm to offer more advanced tools and technologies to help farmers implement regenerative practices on a larger scale.
The company also plans to launch a fintech and insurtech division, providing solutions for risk management and lending to better support its customers’ financial needs.
Partech General Partners Rémi Said and Arnaud Minvielle lauded xFarm’s innovative approach, seeing it as a key player in the transition of the global agricultural value chain.
Meanwhile, Mouro Capital’s Manuel Silva Martínez highlighted the potential for xFarm’s products to serve clients’ financial needs in the agriculture sector.
With the backing of these world-class investors, xFarm Technologies aims to further drive the digitalisation of the agri-food industry and help farmers manage their operations more sustainably and effectively.
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