Aarhus-headquartered FieldSense has announced that it closed its last funding round with 2.9 million euros. FieldSense develops high-quality decision-support tools for the agricultural industry. FieldSense’s weather stations provide farmers and agronomists with frequent, hyper-local weather data. The funding round was led by Danish Agro, with the participation of Rockstart and Pabjergfonden. The startup is expecting to strengthen its current position in existing markets and to expand into new ones with the help of this funding.
FieldSense raise €2.9M to accelerate the expansion of agtech weather solutions
On 17 February 2022, FieldSense signed the final documents to ensure further funding of €2.9M. The investment will accelerate the development and expansion of its weather stations for farming and at the same time mark a crucial milestone on our journey to provide farmers with the best tools to monitor and act on their local weather conditions.
Danish startup FieldSense has announced that on February 17, 2022, it raised a €2.9M seed round to accelerate the expansion of its hyper-local weather solutions for farmers. The round was led by Danish Agro, with Rockstart and Pabjergfonden as co-investors, and marks a pivotal milestone on its journey to bring better weather solutions to farmers.
This investment allows us to further cement our position in existing markets as well as look towards aggressive expansion in new, exciting markets. John Smedegaard, CEO in FieldSense, states:
“The plan is to strengthen our position in Germany, which is one of our absolute key markets. Furthermore, we are looking towards Poland and England which are the next primary countries we wish to expand into. The demand for hyper-local weather data is already there, and this investment allows us to supply that demand.”
The funding round welcomes new forces
In addition to the already existing investors Danish Agro and Pajbjergfonden, this investment round also welcomes a new investor: Rockstart, an early-stage investor specializing in AgriFood, Energy, and Emerging Technologies. John Smedegaard comments:
“Our current investors are key agro organizations and tightly link us to a great network of farmers. Rockstart brings a lot of new perspectives to the table, but their expertise in Agtech scalability is particularly useful for us and will be crucial for our next steps.”
This investment allows the FieldSense to embark on. The company is aware of the value that hyper-local weather data bring to farmers so that it offers services to an unprecedented amount of farmers.