202222 Mar

IntelliCulture closes $1.7 million Emmertech-led seed round to scale farm management platform

Summary

Kitchener-Waterloo farm management software startup IntelliCulture has secured $1.7 million CAD in seed financing led by AgTech-focused Saskatchewan-based investor Emmertech. “Biggest one is just trying to keep up, but that’s why we’re raising capital … We’ve got a [number of] future requests that we want to build out for our growers.” Founded in 2018 by Powers, Ramin Shaikhi, and Michael Wu, IntelliCulture uses Internet of Things (IoT) devices that are compatible with various makes, models, and years of farm machinery, and which collect data for IntelliCulture’s reporting and software. The startup claims that entire farms outfitted with their devices enable growers to better understand their spray coverage and efficiencies, as well as manage the upkeep of their assets. As part of the round, Kyle Scott, the managing director of Conexus Venture Capital and Emmertech, and Joe Dales, co-founder and president of Agri & Food Innovation RH Accelerator are joining IntelliCulture’s board. In addition to IntelliCulture, Canada’s AgTech software space includes fellow upstarts Toronto-based Ukko Agro—which Emmertech has also invested in—as well as larger players like Vancouver’s Terramera and Semios, which Powers acknowledged as a competitor.

Source: Betakit

Funding

$1.35M
Amount
Mar 22 2022
Date
-
Investor
IntelliCulture Inc.
Company

Classifications

Companies