French AgTech startup, Hyperplan, a startup leveraging satellite and weather data technology to secure food chains, has raised 4.1 million euros in seed funding. The funding round was led by Demeter via its Agrinnovation fund and joined by BNP Paribas Development, Polytechnique Ventures, PeakBridge, Techmind, and Unilis Agtech.
Hyperplan was founded in 2021 and offered a SaaS solution that helps industrial companies manage the volatility of agricultural production. Based on satellite and weather data, the platform enables clients to make informed decisions for their operations, reducing economic inefficiencies, CO2 intensity, and food losses.
Demeter added: “Hyperplan has developed a unique solution to meet the needs of agri-food players who are looking for visibility on future production and yields in a context where climate change leads to extreme weather situations and instabilities in agricultural production. The quality of the team has quickly convinced us of its technical mastery and execution capabilities. We are delighted to support them as they build significant momentum around their high potential and promising solution.”
The investment will help the French agtech startup scale its platform, which industrial companies already use to monitor agricultural production of over 25 million hectares in France. The platform’s clients include Vivescia and Corteva Agriscience, who use it to improve and secure their operations.
Hyperplan’s CEO, Ruben Sabah, said the investment was a “major step” that would allow the company to bring its innovative solution to a broader market. The platform will be deployed across Europe by the end of Q1 2023. After that, the company plans to roll out its technology to all crops, including vegetables, sugar crops, root crops, and vineyards.
In a world where climate change, supply chain disruptions, and geopolitical tensions lead to increasing volatility in food chains, Hyperplan vows to enhance agri-food players’ visibility. Demeter, one of the investors, said that Hyperplan had developed a “unique solution” to meet the needs of the industry and praised the quality of the team and their technical mastery.