Source.ag successfully raised €15 million in a Series B funding round led by Astanor Ventures to expand its AI solutions for the greenhouse agriculture sector.
Overview of Source.ag
Source.ag, a leading artificial intelligence company based in Amsterdam, has successfully completed a Series B funding round, raising €15 million. This funding round was spearheaded by Belgian impact investor Astanor Ventures, with participation from notable partners such as Enza Zaden and Harvest House. Since its establishment in 2020, Source.ag has attracted a total of over €60 million in financing, reflecting significant investor confidence in its innovative solutions.
The company develops advanced AI software specifically designed for the controlled environment agriculture (CEA) sector, enabling growers to optimize their cultivation strategies. Its technology is currently employed in over 300 greenhouses across 18 countries, covering an area of 2,500 hectares and contributing to the daily food supply for approximately 40 million people worldwide.
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Industry Overview in the Netherlands
The controlled environment agriculture industry in the Netherlands is one of the most advanced globally, leveraging cutting-edge technology to enhance agricultural productivity.
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Astanor Ventures
invested in
Source.ag
in 2023
in a Series B deal
Disclosed details
Transaction Size: $15M
Equity Value: $60M