The follow on round was led by Turquoise International with backing from the Future Fund and existing investors.
"We are delighted to welcome LCIF2 as an investor in KisanHub. This investment will enable us to grow the business in the UK and Europe and strengthen our links with local and national governments"
The round was led by South Central Ventures to support expansion in Europe and the United States.
"AGRIVI has made an impressive progress since our initial investment back in 2016. They have positioned themselves on a global map of the leading agtech companies as one of the leading farm management platforms. I’m also thrilled that European Investment Fund identified this opportunity and participated in our first direct co-investment. I believe the funds from this financial round will enable AGRIVI to accelerate their activities on multiple business areas and consequently facilitate the global impact on the healthy food production,"
The financing round was led by At One Ventures, Airbus Ventures, Future Positive Capital, and Lowercarbon Capital to fund global expansion.
"By now, we have all recognized the urgency of climate change and the impact of global land degradation—from frequent flooding, costly wildfires, deforestation and the loss of biodiversity devastating ecosystems across the world. We need hands across all industries to fight back if we are going to make a dent on climate change and it starts with restoring our degraded ecosystems and lands,"
The pre-seed equity funding comes from the Cornwall and Isles of Scilly Investment Fund to support research and development.
"There is a lot of pressure on farmers and food producers to become more efficient and increase productivity. Adopting technology is crucial, but there is a risk that the amount of data generated by new technology will become overwhelming. Our GlasCore dashboard helps by pulling all of the data about a farm or food production business into one easy to use and simple to understand screen,"