Key Takeaways:
- Who is Alvie? A Paris-based agritech SaaS startup optimizing pesticide use through AI-powered sensors.
- How much funding was raised? $2.3 million in a seed round led by Tilia Impact Ventures.
- What product does Alvie offer? HYGO, a digital platform providing data-driven advice for pesticide application and biocontrol promotion.
- What is the funding for? Product development, platform enhancement, and market expansion across Europe.
- Who participated in the round? Tilia Impact Ventures, Better Angles, Leia Capital, Climate Club, and several agritech business angels.
Alvie Raises $2.3M to Drive Sustainable Farming Practices
Alvie (Profile) has secured $2.3 million in seed funding to further develop its AI-powered sensor solutions designed to optimize pesticide use and promote sustainable farming. The funding round was led by Tilia Impact Ventures, as reported by Vestbee.
Founded in 2020 by Nadir Ghrous, Edita Bezeg, and Theo Kazmierczak, Alvie offers HYGO, a digital platform aimed at improving the timing, technique, and mixture of plant protection products. This technology helps farmers reduce pesticide dosages by up to 30% without compromising crop yields, enhancing soil health and biodiversity. Alvie currently operates in Western and Central Eastern Europe, with key markets in France, Belgium, the Czech Republic, and Slovakia.
Deal Details and Investor Insights
The seed round was spearheaded by Prague-based Tilia Impact Ventures, which focuses on supporting startups in climate, education, and healthcare. Tilia recently raised $33 million to invest in CEE founders driving impactful innovations.
Additional investors in the round included Better Angles, Leia Capital, Climate Club, and BeAngles, alongside notable agritech angels such as Guillaume Jourdain, Damien Lepoutre, Jérôme Gallois, Jean-Paul Devey, and Francis Nappez.
Future Plans and Market Expansion
With the newly raised capital, Alvie aims to accelerate product development and enhance the capabilities of the HYGO platform. The company also plans to expand its market reach further into Europe, targeting broader adoption of sustainable farming practices.
