xFarm Technologies
Assembly Line
xFarm Technologies, the European leader in the digitalisation of the agri-food sector, raises €36 million
2024 marks a year of major growth for xFarm Technologies, the tech company that supports the work of more than 450,000 farms across more than 100 supply chains, covering 7 million hectares worldwide, through its Farm Management Information System (FMIS), the xFarm digital platform. After integrating Greenfield Technologies, a Spanish company focused on Regenerative Agriculture, and SpaceSense, a French brand specialised in Geospatial Artificial Intelligence, in April, an operation that cemented its position as a European leader in the digitalisation of the agri-food sector, xFarm Technologies has announced the closing of a €36 million Series C round.
The new round, which follows the €17 million Series B round in 2022 and the first €3 million round in 2019, was led by global technology investment firm Partech, through its Impact Growth Fund, which aims to scale European impact-native technology leaders seeking to solve environmental and social challenges. The round also saw the participation of Mouro Capital, a London-based venture capital firm targeting growth-stage fintech investment opportunities across Europe, North America, and Latin America. Swisscom Ventures, United Ventures and all previous institutional investors also participated in the round, demonstrating their confidence in xFarm Technologies based on its significant achievements over the past two years.