XFarm has raised 3 million euros in a Series A financing round, according to an article on startupticker.ch. The round was led by the Italian venture capital fund United Ventures SGR SpA and included the Ticino venture capital fund TiVenture.
XFarm’s platform for farmers charts and optimizes all agricultural processes – from sowing to harvest and storage. With the new funds, the startup from Ticino plans to expand internationally, with a focus on Europe, South America and Africa. There are also plans to drive the funds into strengthening the platform – particularly in the areas of artificial intelligence and blockchain.
Founder Matteo Vanotti and his team are “real game-changers”, commented Massimiliano Magrini, co-founder of United Ventures. He added: “They have the right skills and ambition to scale the business internationally and become the reference platform for farmers who want to manage their companies digitally.”