Pymwymic co-led an €8.5 million Series C investment in Weenat, a French company specializing in soil water monitoring, to promote sustainable agriculture and combat climate change.
Target Company Overview
Pymwymic is pleased to announce its latest investment in Weenat, a leading French company specializing in soil water content monitoring across Europe. Weenat is transforming the water management landscape by offering innovative solutions designed for the food and agricultural sectors, promoting climate-resilient practices through optimized water usage. With this investment of €8.5 million in its Series C funding round, which Pymwymic co-led alongside lead investor ECBF and others, Weenat is poised to enhance its capabilities in combating water scarcity and addressing climate change.
Founded in 2014, Weenat has built a reputation as an expert in interpreting soil water content for a variety of crops and soil types. The company leverages a robust network of approximately 25,000 sensors to provide farmers with critical insights into soil water and weather conditions on a field-by-field basis. With a strong commitment to innovation, Weenat aims to expand its contributions towards sustainable agriculture and enhanced food security.
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Industry Overview in France
The agricultural sector in France plays a vital role in the economy, with agriculture representing a significant portion of the country’s land use and workforce. However, the industry faces mounting challenges due to climate change, with water scarcity becoming increasingly critical. Agr
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Disclosed details
Transaction Size: $9M