CropSafe raises $3 million to support farmers
Farming tech platform CropSafe closed a $3 million seed funding round and announced that it has opened its U.S. headquarters in Los Angeles.
Venture Capital firm Elefund led the raise, with participation from Foundation Capital, Global Founders Capital, V1.VC and Great Oaks Capital. Angel investors in this round of funding included Cory Levy, Josh Browder, and former head of strategy at Microsoft, Charlie Songhurst.
CropSafe allows farmers to create alerts and enable real-time modules from their marketplace to monitor the condition, health, and weather on their farm, which is monitored remotely through CropSafe’s network of global weather stations and orbital satellites.
“Growing up on farms in Ireland, Michael and I saw how farmers were having trouble integrating new technologies. Reading thousands of data points, satellite imagery, and financial records every day to maintain a profitable farm isn’t ideal. CropSafe acts as an interpretation engine, making sense of millions of data points daily from the likes of satellite data from NASA, or weather stations across the globe. Our platform does all the interpretation – without farmers needing to open a single spreadsheet.” – Co-founder and CEO, John McElhone.
“John and Michael make an incredible set of young founders in the agtech space. Their families have been in farming for generations, and they care deeply about easing the burden on today’s farmers by helping them harness the power of real-time data in simple, actionable ways through the CropSafe operating system.” – Nathan Rodland, GP at Elefund, who led the funding round for CropSafe.
CropSafe plans to use the seed funding to accelerate growth in the U.S. and expand its team.