Green Growth Closes $200K Pre-Seed Funding

Green Growth, Riga, LatviaDeveloper of real-time yield map technology for farmers, closed $200K preseed funding

New Nordic VenturesIt was worth it.

LedBy Alfiya KayumovaFounder and CEO. Dr. Evgeny SavinCo-founder and executive director of the company. Green GrowthThis startup provides precision farming tools through agritech. TheCompany is moving forward Green Growth Yield Monitorcombines the best of telematics, data science, and interface building to make it as easy as possible for hardware integration and software use. DuringHarvest, yield data for every hectare (U.S.A. acre) are collected directly from harvesting machines and analyzed in real-time to create a heat-map. InThe web app then allows farmers access to yield maps, which play an important role in farm management. TheseMaps can optimize farm inputs like fertilizers, seeds, or crop protection products. This is an important element of sustainable farming. TheThe company has already started to sell and has signed its first customers. TheFurther product development and market expansion will be possible with investment. 

Green Growth Yield MonitorIt consists of a scalable hardware device for data collection with a number of sensors and data visualization software using proprietary algorithms. RealFarmers can benefit from real-time data analytics on their land productivity to gain insights from harvesting analytics. For example, it is possible to reduce fertilizer use by at least 10%. MinimizingFertilizer usage not only improves farm efficiency, but also preserves and optimises soil for future generations. WithThe Green GrowthThe farmer can now measure and monitor the results of their work throughout the season in real-time.

FinSMEs

10/05/2022

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