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Croptimistic Technology Inc. is saying $2.5 million in Series A funding from Forage Capital Companions to enhance an extra $1.7 million in funding from the founders and institutional debt.
The brand new capital will assist speed up the expansion of Croptimistic’s SWAT MAPS know-how, which supplies farmers and companions with excessive decision basis maps to execute variable price fertilizer, seed, soil modification, herbicide, and precision water administration.
Croptimistic CEO and co-founder Cory Willness says the corporate is happy to take the subsequent steps with the staff at Forage.
“Jim Taylor and Steven Leakos have already made strides due to their extensive expertise in the agtech space. We want to acknowledge our incredible team based in three countries who have worked tirelessly to get us here and our COO, Rob Harris, who was instrumental in executing this funding.”
Chief know-how officer and co-founder Derek Massey provides, “the funds raised will be used to add developers and professional staff to our Kelowna, B.C. hub to build out the software and hardware solutions in order meet the high growth demands from the millions of acres in our system.”
Croptimistic can also be welcoming new investor, Greg Stewart, who has been appointed chairman of the board of administrators. Stewart is at the moment a director on the Financial institution of Canada and was a former president and CEO of Farm Credit score Canada.
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