xFarm, the intuitive agtech app, snaps up €3 million to digitalise farms | EU-Startups
Summary
Their open platform is based on a freemium business model and integrates a number of functionalities in one place, including: a cloud-based management software, field IoT sensors and marketplace with high value-added services (such as irrigation optimization solutions, agro-meteorological forecasts, disease alerts and precision farming services). xFarm will use this funding to consolidate its presence on the Italian market and expand into Europe, South America and Africa. In this challenging scenario, the effort to make agriculture sustainable meets innovation, in a bid to substantially reduce consumption and waste of natural resources. We believe that Matteo and his team are real game changers, and that 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”. Paolo Orsatti, managing partner of TiVenture, emphasizes: “TiVenture is proud to participate in the investment in xFarm, an opportunity that presents all the prerequisites for creating a successful digital company: a market with enormous potential for development, a team of young entrepreneurs focused on achieving corporate goals and a financial partner of the caliber of United Ventures, able to follow the company in all its growth phases”.