Key Takeaways:
- Successful Series C Financing: Weenat has closed its Series C funding round, securing €8.5 million to bolster its efforts in combatting climate change through advanced agricultural soil water management across Europe.
- International Investment Consortium: The funding round saw participation from ECBF, Pymwymic, LIBERSET, and IDIA Capital Investissement, reflecting strong international confidence in Weenat’s mission and technology.
- Innovation in Water Management: Centered on innovation, Weenat aims to enhance agricultural resilience to climate change by providing smart weather and soil data solutions to the farming industry.
- Impact on Sustainable Agriculture: The investment will support Weenat’s expansion of its technology to help tackle water scarcity and promote more sustainable agricultural practices.
- Empowering European Farmers: With a focus on data-driven tools, Weenat is committed to equipping farmers with the resources needed for resilient and strategic agricultural decisions.
Expanding Solutions for Climate Resilience
Weenat, recognized as a European leader in agricultural soil water management, has successfully closed its Series C financing round, obtaining an investment of €8.5 million. This financial milestone enables Weenat to accelerate its mission of expanding innovative climate resilience solutions across Europe, addressing the pressing challenge of water scarcity in agriculture through cutting-edge technology.
A Consortium of International Investors
The investment round drew support from a notable consortium, including the European Circular Bioeconomy Fund (ECBF), Pymwymic, LIBERSET, and IDIA Capital Investissement. This diverse group of investors, spanning across Europe and transatlantic regions, underscores the broad interest and confidence in Weenat’s potential to significantly impact sustainable agriculture.
Innovation at the Forefront
“Weenat stands committed to advancing our technological capabilities to serve the farming community more effectively, amidst the growing challenges of climate change and water scarcity,” stated Jérôme Le Roy, founder of Weenat. The company’s dedication to innovation is evident in its acquisition of Weather Measures, a data-driven Agtech start-up, enhancing its R&D efforts to deliver sophisticated weather and soil data tools.
Strategic Growth and Sustainability
Since its inception in 2014, Weenat has developed a robust portfolio of reliable sensors and has become a technological beacon in weather data and water management. The company’s core operations have reached profitability, with over 25,000 sensors deployed across Europe, supported by an extensive network of over 200 in-field partners.
Making a Difference for European Farmers
In line with its innovative approach, Weenat launched an ambitious R&D program in 2023 for real-time monitoring of soil water content. Utilizing its vast network of soil sensors, satellite imaging, and AI, Weenat aims to optimize water usage across Europe’s agricultural lands. “In 2023 alone, our soil sensors contributed to the conservation of 32 million cubic meters of water,” highlighted Le Roy, showcasing the tangible benefits of Weenat’s technologies for sustainable farming.
Image provided by Weenat
