Irreo Raises €700K in Funding

Irreo, a Rome, Italy-based software program firm for precision agriculture, raised €700K in funding.

Primo Space, a fund managed by Primo Ventures SGR, made the funding.

The firm intends to make use of the funds to proceed to increase operations and its growth efforts.

Founded by Andrea Pomente and Luca Calacci, Irreo estimates water necessities for several types of crops, primarily based on the phenological stage, soil composition and weather conditions. The firm analyzes over 1.5 terabytes of satellite tv for pc knowledge on daily basis, lowering crop water stress and water waste by 30% and rising yields by 10%.

Primo Space invests in satellite tv for pc knowledge functions for forecasting irrigation wants, commodity costs and local weather threat. Primo Ventures is an asset administration firm specialised in early stage technological enterprise capital in the digital and house sector. The agency at the moment manages the funds: Barcamper Ventures, Barcamper Ventures Lazio, in partnership with the Lazio Region, and Primo Digital in the digital sector and Primo Space Fund in the brand new house economic system sector.



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