We teamed up with Almaz capital in the $5m Series A investment round of OneSoil, a Swiss-Belarusian company that helps agricultural professionals monitor fields and increase yields.
Agriculture is an important focus area for us. Population growth and climate change are putting massive pressure on the sector to increase sustainable intensification. We are looking for teams that address these issues with a global approach and solid technological prowess.
OneSoil builds mobile and web apps that use satellite imagery for agricultural analytics and provides field insights for farmers and agricultural consultants at no cost. The company’s tools for remote crop monitoring and variable-rate seed and fertiliser application help reduce the time spent on field scouting and save farmers money on inputs. OneSoil’s machine-learning technologies also automatically recognise fields, crops, and other agricultural data using satellite images.
The current round brings the total capital raised since the company’s founding to $6.7 million. As Slava Mazai, CEO at OneSoil says: “We aim to build the biggest digital platform for informed solutions and precision agriculture.“
OneSoil is used by more than 200,000 farmers and agricultural consultants in more than 180 countries after just 2.5 years on the market. Already, 5% of the world’s total arable land (197 mln acres) is covered by OneSoil users. The company provides paid analytics and technological solutions to major agricultural companies, such as BASF and Krone, among others.
