xFarm Technologies raises €36 million
Agri-food digitalisation company xFarm Technologies has raised €36 million in a Series C funding round. The capital will fuel the company’s planned global expansion and enhance its solutions that support regenerative agriculture and sustainability.
The funding round was led by Partech, a global technology investment firm, with participation from Mouro Capital, Swisscom Ventures, United Ventures, and previous investors. This marks the latest step in xFarm Technologies’ growth, following a €17 million Series B in 2022 and a €3 million round in 2019.
Market expansion
The new funding is aimed at accelerating xFarm’s expansion into key markets, including Turkey, Latin America, India, and the U.S. It also enables the company to enhance its platform and to tailor solutions for specific market needs.
7 million hectares
xFarm Technologies’ Farm Management Information System (FMIS) spans 7 million hectares globally, providing farmers with tools like geospatial artificial intelligence and AI-driven data analysis. The company’s recent integration of Greenfield Technologies and SpaceSense has further strengthened its European presence.
“This funding round marks a pivotal moment for xFarm Technologies as we continue to invest in cutting-edge technologies and expand our global footprint,” said CEO Matteo Vanotti. “With the support of our partners, we are poised to lead the digitalization of agriculture and help farmers manage their operations more sustainably and efficiently.”
