xFarm Technologies Raises €36 Million in Series C Funding

Italy, Europe - xFarm Technologies SA., a European agri-food digitalization, has raised €36 million in a Series C funding round. This investment will fuel the company's expansion across Europe, Turkey, Latin America, India, and the US, while enhancing its services and advancing regenerative agriculture through AI-based data analysis models.

In 2024, xFarm Technologies continues its rapid growth, supporting over 450,000 farms and 100 supply chains across 7 million hectares worldwide through its Farm Management Information System (FMIS) on the xFarm digital platform. Following the acquisition of Greenfield Technologies, a Spanish regenerative agriculture company, and SpaceSense, a French geospatial AI brand, which strengthened its position as a European leader in agri-food digitalization, xFarm Technologies has now announced the successful closing of a €36 million Series C funding round.

After raising €17 million in Series B funding in 2022 and €3 million in 2019, xFarm Technologies has now secured €36 million in its Series C round. Led by Partech's Impact Growth Fund, with participation from Mouro Capital, Swisscom Ventures, United Ventures, and previous investors, this round reflects strong confidence in xFarm's progress. Well-established across Europe, particularly in Switzerland, Italy, Spain, France, Germany, Poland, and the UK, the new funding will enable xFarm to solidify its leadership and accelerate expansion into Europe, Latin America, India, Turkey, and the US. The company also plans to enhance its services, boost performance, and tailor its solutions to meet the specific needs of diverse markets and customers.

Mr. Matteo Vanotti, CEO of xFarm Technologies, said, "This is a time of profound change and major challenges for the global agri-food industry. At xFarm Technologies, we want to continue to provide the most advanced and effective tools to navigate this landscape, with further investment in R&D and innovation, cutting-edge technologies in climate intelligence and AI for agronomic support, and a focus on sustainability and Regenerative Agriculture. We are excited to announce this funding round and are proud to have world-class partners like Partech, Mouro Capital and all the other investors who have placed their trust in us. With their support, we will continue to innovate, driving digitalisation from a supply chain perspective and helping farmers to manage their farms even more effectively and sustainably."

Mr. Arnaud Minvielle, General Partners at Partech, said, "We are truly delighted to partner with one of the leading AgTech companies in the world. We believe that xFarm Technologies, with its best-in-class technological horizontal solution, its innovative route to market, its deep understanding of the farmers’ needs and its global footprint, has all the elements to become the global leader in farm management software and a critical player in the agricultural value chain transition. We are very proud and honoured to embark on this journey with xFarm Technologies and its very talented team."

Mr. Manuel Silva Martínez, General Partner at Mouro Capital, said "As traditional fintech investors, we feel that xFarm Technologies' vision to digitalise the agricultural sector concurs with their product being a great entry point to serve their clients' financial needs. We are excited to support Matteo and the team in expanding their vision into our core area of expertise."

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