What is Stenon?
Founded in 2018 and headquartered in Potsdam, Germany, Stenon addresses a critical need in agriculture by offering a real-time soil-sensing solution. This technology aims to replace the traditionally costly and time-consuming soil analysis processes, providing farmers with immediate, actionable data. Stenon's innovation is poised to enhance farming efficiency and sustainability by enabling more precise agricultural management.
How much funding has Stenon raised?
Stenon has raised a total of $40.5M across 1 funding round:
Series A
$20M
Series A (2021): $20M with participation from Cherry Ventures, Founders Fund, Atlantic Labs, and The Production Board
Key Investors in Stenon
Cherry Ventures
Cherry Ventures is a venture capital firm based in Berlin, London, and Stockholm, founded in 2012, that focuses on early-stage investments in European startups. The firm is comprised of former entrepreneurs and operators who have experience building successful companies like Zalando and Spotify. Cherry Ventures aims to support founders across various industries, including SaaS, mobility, gaming, and space tech, by providing not just capital but also time, energy, and knowledge. Their mission is to discover and grow innovative ideas and businesses that will create lasting futures.
Founders Fund
Founders Fund invests in the world's most important and valuable companies across all geographies, sectors and stages. The firm's partners have been founders and early funders of companies including PayPal, SpaceX, Palantir, Anduril, Airbnb, Stripe and Facebook. Founders Fund pursues a founder-friendly investment strategy, providing maximum support with minimum interference.
Atlantic Labs
Atlantic Labs is an early-stage venture capital firm that invests in technology startups. The firm focuses on disruptive technologies and innovative business models, providing capital and strategic support to help founders scale their ventures.
What's next for Stenon?
The recent major strategic investment signals a pivotal growth phase for Stenon. With substantial capital infusion, the company is likely to accelerate product development, expand its market reach, and further enhance its real-time soil-sensing capabilities. This strategic backing from prominent investors suggests confidence in Stenon's business model and its potential to disrupt the agtech landscape, paving the way for broader adoption of its advanced soil analysis technology.
See full Stenon company page
