Pymwymic, along with Kersia and ADM Capital, has invested €7.8 million in Connecterra to revolutionize the dairy industry with Artificial Intelligence solutions that promote sustainability and support smallholder farmers.
Information on the Target
Connecterra, based in Amsterdam, is at the forefront of transforming the dairy industry through advanced Artificial Intelligence solutions. The company's mission is to empower farmers of all sizes by increasing productivity while minimizing farming's environmental footprint. Utilizing a predictive intelligence platform that leverages machine learning, Connecterra provides actionable insights to farmers and industry stakeholders, enhancing overall farm and value chain efficiency. With operations across 16 countries, Connecterra aims to innovate sustainable farming practices and support smallholder farmers.
Industry Overview in the Target's Specific Country
The dairy industry in Europe grapples with significant challenges, including high greenhouse gas emissions, excessive antibiotic use, and concerns surrounding animal welfare. Approximately 450 million smallholder farmers in developing nations rely heavily on livestock for their livelihoods, underscoring the urgent need for sustainable practices. The Food and Agriculture Organization (FAO) and the EAT-Lancet Commission advocate for dairy's role in human diets, emphasizing the need for advancements that reconcile health and sustainability.
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Research indicates that despite the industry's struggles, there is potential for improvement through innovative solutions. Connecterra's technology aims to address these challenges by promoting efficiency in
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Pymwymic
invested in
Connecterra
in
in a Series B deal
Disclosed details
Transaction Size: $8M