Croptimistic Technology, a Canadian AgTech firm, has acquired CropPro Consulting and received a $9.1 million investment from Forage Capital Partners. The investment will be used to support research and development for Croptimistic, which is a leader in soil mapping software and hardware. The company has seen significant growth since its creation in 2018, and its SWAT MAPS product creates a precise map of soil, water, and topography for precision agriculture. Croptimistic will expand its SWAT RECORDS software and team with the new funding. CropPro will continue to operate under Croptimistic’s farmer services division.
Croptimistic Technology Inc., a Canadian AgTech company, has announced the acquisition of CropPro Consulting, along with a $9.1 million Series B investment from Forage Capital Partners. This investment will be used to continue research and development efforts at Croptimistic.
The acquisition of CropPro will enhance Croptimistic’s ability to serve farmers and expand its reach, solidifying its position as a leader in soil mapping software and hardware. The investment from Forage will further establish Croptimistic’s position in the market as a leader in delivering advanced variable rate fertilizer and seed solutions.
Croptimistic has seen significant growth since its inception in 2018, with an average year-over-year growth rate of 100%. Their flagship product, SWAT MAPS, creates maps that take into account soil, water, and topography for precision agriculture. The company recently released the SWAT CAM, a low-cost camera system that uses machine learning models to create crop and weed population maps and perform plant stand counts.
With this new funding, Croptimistic will be able to continue growing its software, SWAT RECORDS, and expand its team. The recently acquired CropPro, based in Naicam, Saskatchewan, will continue to operate as usual under Croptimistic’s farmer services division and territories.
Croptimistic Technology Inc. is known for its SWAT MAPS product, a turn-key variable rate solution that prioritizes soil, water, and topography in the creation of management zones. Their SWAT RECORDS software powers their entire ecosystem of products, all of which can be viewed in real-time through the app.
Image provided by Croptimistic