Canadian Agtech Company Croptimistic Technology Raises $5.2M In Series A Funding Led By Forage Capital Partners

Jun 04, 2021•about 4 years ago

Amount Raised

$5.2 Million

Round Type

series a

Naicam

Description

Croptimistic Technology Inc. (Croptimistic) announces $3.5M in Series A investment from Forage Capital Partners (Forage) to complement an additional $1.7M in funding from the founders and institutional debt. This new capital will help accelerate the growth of Croptimistic’s SWAT MAPS technology. The SWAT technology ecosystem provides farmers and partners with high resolution soil foundation maps to execute variable rate fertilizer, seed, soil amendment, herbicide, and precision water management

Company Information

Company

Croptimistic Technology

Location

Naicam, Saskatchewan, CAN

About

Croptimistic is an internationally operating Agtech company founded by Cory Willness, Shannon Willness and Derek Massey. It has built a vast partner network with SWAT MAPS, a turn-key variable rate process that prioritizes Soil, Water, And Topography (SWAT) factors of fields for the creation of management zones. Their technology includes SWAT Records (software and apps), SWAT BOX (autonomous soil mapping system), SWAT CAM (machine learning sprayer cameras) and SWAT WATER (soil moisture maps). The value proposition for their technology is strong, with annual retention rates above 95% on SWAT Mapped acres along with documented environmental and climate change improvements. Key APIs include Climate Fieldview™ and John Deere™. To learn more about Croptimistic and the SWAT ecosystem, visit swatmaps.com.