Smart irrigation company CropX has announced a $9 million Series A round led by Innovation Endeavors, Finistere Ventures, GreenSoil Investments. Prior backer OurCrowd also participated in the round. CropX uses wireless sensors and big data to help farmers conserve water used in crop growing operations.
Some big investors are looking at Ag’s new opportunities to be had. Just a few months ago, Monsanto bought Climate Corp for a whopping $930 million. More recently, Horizons Ventures, the investment firm of the big-hitting Chinese investor Li Ka Shing, invested in Kaiima, an Israeli biotech company that raised $65 million from investors.
This week, we’re featuring the fall news letter from our friends at Investeco.
The agricultural sector is going through a time of unprecedented innovation and change, brought about by a growing awareness of issues relating to the environment, health and resource efficiency.