farm-ng raises Series A funding to scale Amiga robot and AI for small to midsize farms
Jan 22, 2024•almost 2 years ago
Amount Raised
$10 Million
Investors
Hawk TowerXplorer CapitalAcre Venture Partners
Description
farm-ng raised more than $10 million in its Series A funding round led by Acre Venture Partners, with participation from Xplorer Capital, HawkTower, and 10 other institutional and individual investors. The funding will be used to accelerate manufacturing, fund the development of autonomous farm capabilities, scale the go-to-market strategy, and develop an ecosystem of farm applications.
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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech