202129 Sep

Semios raises $100 million in capital to expand agtech platform globally

Summary

New funding will further international expansion as company eyes new partnerships and acquisitions VANCOUVER, BC, Sept. 29, 2021 /PRNewswire/ - Semios, a leading precision-farming platform and one of the worlds largest independent agtech solutions providers, today announced it has raised $100 million in funding led by , a Boston-based private equity and venture capital firm committed to investing in socially responsible businesses. This funding will enable the agtech provider to accelerate its R&D and deployment of solutions to help growers worldwide reduce chemical inputs, better manage water, organize farming data and improve crop outcomes. "We have seen first hand the challenges our customers are facing in the field – from severe drought and devastating fires, to frost, reduced profitability and an increasing regulatory burden. "The ability to not only maintain but also enhance the sustainability of our food systems amid the complex dynamics of a changing climate is one of the worlds most pressing needs of our time. In 2021, Semios acquired Altrac, Centricity and Agworld to form one of the worlds largest independent AgTech solutions providers.

Source: Prnewswire

Funding

$100M
Amount
Sep 29 2021
Date
-
Investor
Semios
Company

Classifications

Companies