Breed Reply, a European investor in early-stage Internet of Things (IoT) businesses, has increased its investment in Dutch agritech company, Connecterra. As part of its Series B funding round, Connecterra has secured €7.8 million from existing investors, Breed Reply and Sistema, alongside new investors including AgTech specialists ADM Capital, French food safety enterprise Kersia Group and Dutch impact investor, Pymwymic. The Series B funding round completed by Connecterra is the largest ever Series B investment raised by a European livestock tech company. The funding will be used to accelerate the development of Connecterra's predictive artificial intelligence (AI) platform, Ida. Ida is the first digital assistant for the dairy farmer, based on sensor technology, cloud computing and machine learning.
Jul-2-2020, 08:20:41 GMT