The Climate Corporation, a subsidiary of Monsanto Company, has acquired VitalFields, Tallinn-based farm management software startup to enter as the US firm enters the European markets.
The terms of the agreement were not disclosed. The VitalFields team will continue operating in Europe.
Founded in 2011 and available in seven European countries, VitalFields offers a tool for farmers to plan, manage and analyse their field activities, including simplified tracking and reporting of all crop inputs to help ensure compliance with the European Union environmental standards.
“VitalFields has built a successful business spanning multiple European countries, and we see how their digital tools will complement our Climate FieldView platform offerings in the future. This acquisition marks Climate’s first step into the European market, and we’re looking forward to working with VitalFields to grow and enhance their current tools to help farmers maximize their return on every hectare,” Mike Stern, CEO for The Climate Corporation, said in a statement.
Monsanto Growth Ventures (MGV), the venture capital arm of Monsanto Company, was an early investor in VitalFields, which had raised $2.2 million of investments before the sale.
VitalFields was born at Garage48 hackathon in 2o11 as WeatherMe and went through Startup Wise Guys accelerator in Tallinn. Local investors included SmartCap, Estonian Development Fund, and Ahti Heinla among others.
Editor’s note: Updated with background, investors