MetoMotion has secured a $5 million investment led by Ridder and Navus Ventures to enhance its robotic systems designed to improve efficiency in greenhouse operations.
Information on the Target
MetoMotion is an innovative developer focused on advanced robotic systems tailored for modern agriculture. The company aims to facilitate the operations of future farms through its cutting-edge technology. Recently, MetoMotion successfully completed a $5 million investment round, led by Ridder, a prominent player in greenhouse technology, along with Navus Ventures, the family investment office of Lely, known for supporting unique high-tech and sustainable start-ups and scale-ups. The investment will support the finalization of research and development activities, as well as the establishment of production and marketing initiatives for the company’s upcoming commercial product.
Labor costs within greenhouse operations can account for up to 50% of total production expenses. In the face of challenges posed by a growing labor shortage and difficulties in retaining skilled workers, greenhouse growers are increasingly focusing on technology to optimize their operations. MetoMotion was established to address these pressing issues by offering technologically advanced solutions that enhance productivity and sustainability in agricultural practices.
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Industry Overview
The greenhouse industry is undergoing a significant transformation, driven by the need for efficiency and sustainability. In many regions, particularly in developing agricultural markets, growers are confronting escalating labor
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Ridder
invested in
MetoMotion
in 2023
in a Series A deal
Disclosed details
Transaction Size: $5M