What is SupPlant?
SupPlant's mission is to empower farmers globally to optimize water usage while simultaneously enhancing crop productivity and yields. The company leverages a proprietary algorithm that meticulously analyzes real-time data from plants, soil, and meteorological sensors. This analysis translates into precise irrigation recommendations and actionable agronomic insights, ensuring that crops receive exactly what they need. SupPlant's technology bridges the gap between sophisticated data processing and practical, human-centric agricultural management, offering a unique blend of advanced technology and personalized support to its clients.
How much funding has SupPlant raised?
SupPlant has raised a total of $75M across 3 funding rounds:
Other Financing Round
$10M
Series A
$27M
Series C
$38M
Other Financing Round (2021): $10M with participation from Mivtah Shamir, Boresight Capital, The Menomadin Foundation, and Smart-Agro Fund
Series A (2022): $27M led by Mivtah Shamir, Smart Agro Fund, Red Dot Capital, and The Menomadin Foundation
Series C (2023): $38M supported by Boresight Capital, Red Dot Capital Partners, and Maor Investments
Key Investors in SupPlant
Smart Agro Fund
Smart Agro Fund is an R&D partnership traded on the Tel Aviv Stock Exchange. It specializes in agritech investments and the growth of agritech companies. Smart Agro seeks to invest in the research and business development of companies which have the power to significantly impact our future and help transition them to independent professionally managed companies who at their core, have a unique technology with tremendous commercial promise and economic value. Smart Agro’s highly experienced management team has an extensive business network that supports the development of ideas and start-ups from early stage through mature companies to exit.
Red Dot Capital Partners
Red Dot Capital Partners is an investment firm that supports exceptional Israeli founders in building the next generation of global tech companies. They are the first to invest in startups that have reached product market fit and act as a primary gateway for these companies looking to expand into South East Asia and Japan. The firm boasts an interdisciplinary team with significant global experience, working collaboratively to enhance the success of their portfolio companies. Their passion for teamwork drives their commitment to supporting innovative startups.
The Menomadin Foundation
The Menomadin Foundation employs a Blended Finance Approach through Strategic Philanthropy, Impact Investments, and Cross-Sector Collaborations to support disadvantaged communities globally. It focuses on developing national roadmaps to enhance Israel's resilience and reinvests profits from Israeli startups into impactful programs. The foundation also initiates projects like the Kinneret Amakim PRO, which fosters leadership and innovation among local municipalities. Established in 2019 by Haim Taib, the foundation aims to align profit with purpose while ensuring long-term financial sustainability.
What's next for SupPlant?
The substantial enterprise-level funding secured by SupPlant, particularly the recent strategic investment, positions the company for accelerated scaling and market penetration. This capital infusion is anticipated to drive innovation in their core AI-driven analytics platform, potentially expanding their service offerings to address a wider range of agricultural challenges. SupPlant is likely to focus on broadening its global reach, forging new partnerships, and further refining its technology to meet the evolving demands of sustainable agriculture. The company's trajectory suggests a strong emphasis on continued research and development to maintain its competitive edge in the rapidly advancing agritech landscape.
See full SupPlant company page
