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Iyris raises $16M in Series A funding led by Ecosystem Integrity Fund (EIF) to provide agricultural solutions for climate-impacted farming

May 30, 2024over 1 year ago

Amount Raised

$16 Million

Round Type

series a

Al AinFarmingAgriculture and FarmingManufacturing

Investors

Bonaventure CapitalGlobivestKanoo VenturesDubai Future District Fund (Dfdf)Wa’edGlobal VenturesEcosystem Integrity Fund (Eif)

Description

Iyris, an agritech company, announced a $16 million Series A funding round led by San Francisco-based climate and sustainability fund Ecosystem Integrity Fund (EIF). The funding will enable Iyris to continue scaling its business and providing agricultural solutions to help farmers increase crop yields in the face of climate change and rising temperatures.

Company Information

Company

Iyris

Location

Al Ain, Abu Dhabi Emirate, United Arab Emirates

About

At iyris, our mission is clear: to feed the world sustainably through the power of technology. Continuing the story started by our esteemed co-founders, Professor Derya Baran, Dr. Ryan Lefers, and Professor Mark Tester, we are dedicated to pioneering innovative solutions that address global food security challenges while minimizing environmental impact. Under the iyris umbrella, sits our SecondSky brand, a range of transparent near infra-red radiation peak heat-blocking greenhouse covers embedded with the innovative, patented near infrared radiation blocking nanocomposite developed by iyris. Additionally, iyris Labs our innovation engine, serves as the heart of our research and development efforts. Here, we push the boundaries of agricultural technology, exploring new ideas and refining existing ones to ensure we remain at the forefront of sustainable agriculture. Through our integrated approach and unwavering commitment, iyris is leading the charge towards a more sustainable and food-secure future for all.

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Funding Insights

Based on industry data
VC-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