CropSafe secures $3m to “revolutionise farming”

CropSafe, a platform which aims to revolutionise the future of farming, has raised over $3m in seed funding and opened a US headquarters in Los Angeles.

Capital firm Elefund led the fundraise, with participation from Foundation Capital, Global Founders Capital, V1.VC and Great Oaks Capital. Angel investors in this round of funding included Cory Levy, Josh Browder, and former head of strategy at Microsoft, Charlie Songhurst.

CropSafe allows farmers to create alerts and enable real-time modules from their marketplace to monitor the condition, health, and weather on their farm, which is monitored remotely through CropSafe’s network of global weather stations and orbital satellites. CropSafe helps growers take action on data, rather than leaving the complex job of interpretation to farmers.

John McElhone, co-founder and CEO, said, “Growing up on farms in Ireland, Michael [co-founder] and I saw how farmers were having trouble integrating new technologies. Reading thousands of data points, satellite imagery, and financial records every day to maintain a profitable farm isn’t ideal. CropSafe acts as an interpretation engine, making sense of millions of data points daily from the likes of satellite data from NASA, or weather stations across the globe. Our platform does all the interpretation – without farmers needing to open a single spreadsheet.”

CropSafe plans to use the seed funding momentum to accelerate growth in the US and expand their teams that focus on software engineering, product management, and design.

Earlier this year, The Lemonade Foundation, the nonprofit founded by Lemonade, announced it will offer climate insurance to protect subsistence farmers via its Crypto Climate Coalition.

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.