ZGI Capital leads a $7.4 million investment in Estonian SaaS company eAgronom to enhance sustainable agricultural practices and carbon reduction initiatives.
Target Information
eAgronom, an Estonian-based company, has successfully closed a $7.4 million Series A funding round, led by ZGI Capital and Yolo Investments. Other participating investors included Trind VC, Iron Wolf Capital, and United Angels VC. eAgronom has developed a Software as a Service (SaaS) platform tailored for agricultural business management, which is currently utilized by over 1,500 farmers across Estonia, Latvia, Lithuania, Poland, the Czech Republic, Slovakia, Romania, and Australia, managing a combined total of more than one million hectares of farmland.
The funds raised will be allocated towards penetrating new markets and enhancing existing technologies. The company aims to drive future growth primarily through a CO2 reduction program, assisting farmers with digital solutions to optimize field management, reduce emissions, and certify emissions reductions for sale to other companies.
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Industry Overview in Estonia
The agricultural sector in Estonia has been experiencing a transformation, with a significant shift towards technology adoption and innovation. As global demands for sustainable practices grow, Estonian farmers are
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ZGI Capital
invested in
eAgronom
in 2022
in a Series A deal
Disclosed details
Transaction Size: $7M