Speedinvest leads a €1.3M pre-seed round for hexafarms, a German agritech
Summary
hexafarms, a Berlin-based startup that develops software for indoor commercial food production, has closed a 1.3 million pre-seed funding round led by Speedinvest. Serving large-scale facilities, hexafarms leverages diverse data from its proprietary cameras and sensors to yield meaningful insights, enabling a 30% increase in seasonal harvest for high-end crops. The frsh round was led by Speedinvest, a leading European VC fund with over 40 investment managers across the continent and offices in Berlin, London, Munich, Paris, and, mainly, in Vienna. In addition, the fund has built the seed stage investment team in Europe across six dedicated vertical teams: Climate Tech & Industrial Tech, DeepTech, Fintech, Health & Biotech, Marketplaces & Consumer, and SaaS & Infrastructure.The agricultural sector is in urgent need of innovative solutions to address the pressure from climate change on commercial food production process and food insecurity. We have strong confidence in hexafarms and cannot wait to see them further develop their AI and machine learning capabilities and expand their team of experts.