Africa Agriculture Agritech Finance South Africa Venture Capital

South African agritech Aerobotics closes Series B US$16.5M from multiple VC firms

South Africa’s agritech and aerial imagery company, Aerobotics, has recently closed a Series B funding round amounting to US$16.5M led by Naspers Foundry, alongside participation from FMO & Cathay AfricInvest Innovation.

International expansion and further technology development have been identified as the primary goals for the funding rounds while also enabling more efficient local business operations.

Co-founder & CEO at Aerobotics, James Paterson, said, “Aerobotics is happy to partner with FMO Ventures and Cathay AfricInvest Innovation to better serve our customers.

Also read: Generation Africa launches agritech competition for young Africans

Our strong relationship, coupled with this latest financial investment, will ensure that we continue to grow agriculture sustainably together.

We are a proudly South African business and are proving that Africa can not only compete in technology innovation but lead at the highest level.”

Aerobotics enables tech-efficient farming processes for farmers from around the world by providing data-driven insights, scout mapping, and other tools to mitigate damage to crops from pests and diseases while using Aeroview to provide actionable insights powered by AI-based analytics.

Original article on Tech Gist Africa

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