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Sk Networks Invests $2M In Ai Farming Startup 'source.Ag'

PRIVATEJun 08, 2023

Amount Raised

$2 Million

Round Type

Venture

AmsterdamAgriculture and FarmingArtificial IntelligenceFarming

Investors

Hico CapitalSk Networks

Description

SK networks, a prominent player in expanding its global investment portfolio in the sustainability sector, has recognized the immense potential of 'Source.ag', a pioneering Dutch startup which empowers growers globally with AI. With a strategic vision in mind, SK networks has announced that it made the decision to invest $2 million in the Series A funding round of $27 million for Source.ag through its US investment corporation, Hico Capital.

Quick answer

Source.ag raised $2 Million in a funding round, dated June 8, 2023. Investors: Hico Capital and Sk Networks. Source.ag is based in Amsterdam, North Holland, Netherlands.

How much did Source.ag raise?
Source.ag raised $2 Million in a funding round on June 8, 2023.
Who invested in Source.ag?
Hico Capital and Sk Networks are named as investors in this round.
What does Source.ag do?
Source.ag is democratising access to sufficient fruit and vegetables through A.I. powered indoor farms.
Where is Source.ag based and how big is it?
Source.ag is based in Amsterdam, North Holland, Netherlands. Fundz records about 57 employees.
Who are the decision-makers at Source.ag?
Fundz holds 1 contact at Source.ag, including the COO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming and Farming around the same time

Companies in the same sectors as Source.ag that raised within 45 days of this round, from Fundz verified event records.

  • Satyukt Analytics raised $1.3M (Seed) on June 13, 2023.
  • The Green Coffee Company raised $25M (Series C) on June 8, 2023.
  • ChrysaLabs raised $15M (Series A) on May 10, 2023.
  • Athian raised an undisclosed amount (Corporate Round) on May 1, 2023.
  • Oakridge Dairy raised $495K (Seed) on April 29, 2023.
  • Dayta AI raised an undisclosed amount (Series A) on July 21, 2023.

Who to call at Source.ag, and when

A new round usually means Source.ag is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Source.ag raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Source.ag, from your own LinkedIn network

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Company Information

Company

Source.ag

Location

Amsterdam, North Holland, Netherlands

About

Source.ag is democratising access to sufficient fruit and vegetables through A.I. powered indoor farms. Climate change is driving substantial scarcity and strains in our global food supply. As this accelerates in the coming years, we must find ways to scale efficient growing solutions that lighten the footprint of agriculture. Greenhouse agriculture is a proven solution to reliable and climate-resilient food production: it produces up to 15 times higher yields and uses up to 20 times less water, while reducing pollution and use of land. While the global demand for greenhouse agriculture is rising, its growth is hindered by the high dependency on, and the growing shortage of, growers to operate these facilities. By capturing decades of growing experience and knowledge into algorithms, Source.ag enables more greenhouse growers to operate more farms more efficiently. By combining plant models with machine learning techniques, we can simulate crop development in any environment. Our technology provides growers with advice on the optimal cultivation strategy and support to realise it. This is an important first step in our mission to deliver more healthy food to more people without breaking our planetary boundaries.

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Fundz sees it the moment Source.ag raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contactsJoris van der E., COO hiddenSee plans and pricing
Predictive Intelligence
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Source.ag raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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