Cropify raised A$2M in a seed round led by Mandalay Venture Partners and Hatcher+ to accelerate the commercialization of its AI-powered grain grading technology.
Sep 06, 2024•over 1 year ago
Amount Raised
$2 Million
Round Type
seed
Investors
Hatcher+Mandalay Venture Partners
Description
Cropify, based in South Australia, has secured A$2 million in a seed funding round. The investment aims to enhance the commercialization of its innovative grain grading system that utilizes AI and machine learning.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers