What is Sencrop?
Founded in 2016 and headquartered in France, Sencrop specializes in empowering farmers to navigate and mitigate a wide array of risks, including extreme weather events and crop diseases. The company's innovative solutions provide critical data and insights, enabling proactive management and enhancing agricultural resilience. Sencrop's focus on leveraging technology to address fundamental challenges in farming positions it as a key player in the agritech sector.
How much funding has Sencrop raised?
Sencrop has raised a total of $29.5M across 3 funding rounds:
Angel/Seed
$1.5M
Series A
$10M
Series B
$18M
Angel/Seed (2017): $1.5M with participation from Emertec and Breega
Series A (2019): $10M led by Bpifrance
Series B (2022): $18M supported by EIT Food, Stellar Impact, and Jerusalem Venture Partners
Key Investors in Sencrop
Bpifrance
Bpifrance is a French public investment bank that finances companies across all development stages, offering credit, guarantees, and equity. They support innovation, international expansion, and export activities, providing a comprehensive suite of services for entrepreneurs.
EIT Food
EIT Food is a leading European food innovation initiative focused on creating a sustainable food sector. It comprises industry players, startups, and research centers, aiming to develop new technologies and products for a healthier and more sustainable lifestyle.
Jerusalem Venture Partners
Jerusalem Venture Partners (JVP) is an international venture capital firm founded in 1993, specializing in investments in startup companies across digital media, enterprise software, semiconductors, data storage, and cybersecurity, with a strong focus on Israeli innovation.
What's next for Sencrop?
The recent major strategic investment signals a new phase of expansion and development for Sencrop. This capital infusion is expected to fuel further innovation in its risk mitigation technologies, potentially broadening its service offerings and market reach. The company is likely to focus on scaling its operations, enhancing its data analytics capabilities, and forging new partnerships to solidify its position as a leader in agricultural risk management solutions.
See full Sencrop company page
