Swiss agtech startup xFarm Technologies has successfully secured €36 million in a Series C funding round. Led by Partech, this major investment will accelerate the company’s mission to digitize agriculture and promote sustainability through AI. The funding is a significant step up from its €17 million Series B round in 2022 and will fuel its expansion into key global markets, including the Americas and India.
Fueling Ambitious Global Expansion Plans
The fresh capital injection is set to power xFarm Technologies’ strategic growth initiatives. The company plans to solidify its leadership position in Europe while aggressively expanding its presence in new and emerging markets.
With operations already taking root in Latin America and India, xFarm is also building a foundation in the United States and Turkey. The funding will support strategic hiring and key partnerships to scale its services in these regions. This approach ensures that the company can provide tailored solutions that address the unique agricultural challenges of different climates and farming practices.
The investment round also saw participation from notable investors like Mouro Capital, Swisscom Ventures, and United Ventures, reinforcing strong market confidence in xFarm’s vision.
The Technology Driving Agricultural Change
At its heart, xFarm Technologies is revolutionizing farm management with a powerful platform that combines AI with advanced agronomic data. This technology empowers farmers to make smarter, data-driven decisions about their operations. The platform offers a suite of tools that monitor everything from irrigation and pest control to financial performance.
By leveraging AI algorithms, the platform delivers more than just raw data; it provides actionable insights that boost both productivity and environmental sustainability.
- AI Integration: The platform uses AI to offer deep insights into crop health, resource management, and best agronomic practices.
- Data-Driven Decisions: In-field sensors gather crucial data on metrics like water usage and weed growth, helping farmers optimize their processes.
- Global Reach: xFarm currently serves over 450,000 farms, covering 7 million hectares across 100 countries.
This extensive reach demonstrates the platform’s scalability and its proven impact on a global scale.
Strategic Acquisitions to Bolster Capabilities
In a significant move to strengthen its market position, xFarm Technologies acquired two innovative agtech companies in April 2024. The acquisition of Spain-based Greenfield Technologies and France’s SpaceSense enhances xFarm’s offerings in sustainability and climate intelligence.
These acquisitions directly support the company’s core mission. By integrating SpaceSense’s geospatial AI, xFarm now provides advanced remote monitoring of crops and environmental conditions. Meanwhile, Greenfield’s expertise in regenerative agriculture equips farmers with tools to improve soil health and reduce their ecological footprint.
| Company Name | Specialization | Impact on xFarm Technologies |
|---|---|---|
| Greenfield Technologies | Regenerative Agriculture | Enhanced sustainability solutions for farmers |
| SpaceSense | Geospatial AI | Improved remote monitoring of crops and conditions |
A Vision Rooted in Farming Reality
The idea for xFarm Technologies originated from a practical need. Co-founder and CEO Matteo Vanotti first developed the platform to manage his own family’s farm. Its success quickly spread to neighboring farms, revealing its vast potential to transform the entire agricultural sector.
Since its founding in 2017, the company has remained focused on serving the needs of everyday farmers, especially those running small and mid-sized operations who often lack access to sophisticated technology.
With the backing of global investors like Partech and Mouro Capital, the leadership team is well-positioned to continue its innovation. Mouro Capital, a fintech-focused investor, sees a unique opportunity in xFarm to address the financial needs of farmers through its technology, opening up new avenues for growth in the agri-food sector.
