XFarm has raised 3 million euros in a Series A financing round, according to an article on startupticker.ch. The round was led by the Italian venture capital fund United Ventures SGR SpA and included the Ticino venture capital fund TiVenture.
XFarm’s platform for farmers charts and optimizes all agricultural processes – from sowing to harvest and storage. With the new funds, the startup from Ticino plans to expand internationally, with a focus on Europe, South America and Africa. There are also plans to drive the funds into strengthening the platform – particularly in the areas of artificial intelligence and blockchain.
Founder Matteo Vanotti and his team are “real game-changers”, commented Massimiliano Magrini, co-founder of United Ventures. He added: “They have the right skills and ambition to scale the business internationally and become the reference platform for farmers who want to manage their companies digitally.”
Related news
Meet with an expansion expert
Is Greater Zurich on your expansion radar? We support you on every step of your expansion journey - from location evaluation to fact finding visits.
Our services are free of charge and include:
- Introduction to key contacts in industry, academia, and government
- Location evaluation support to find the ideal base for your business
- Advice on regulatory framework, taxes, labor, market, and setting up a company
- Custom-made fact-finding visits, including office and co-working space
- And much more, customized to meet your needs.