|Kapsera completes its seed round funding|
|March 18th, 2019|
|Kapsera raises €700K seed round from Demeter, the first early-stage European fund dedicated to Agtech.|
Thanks to this first investment round Kapsera will begin to scale up its process and complete its product development. Kapsera aims to enable bioinputs based on its innovative formulation technology, making them efficient, sustainable and affordable for all agriculture segments.
“We’ve reached a first key milestone for Kapsera development, just after one year of operations. This investment from Agrinnovation fund is a major recognition of the potential of Kapsera’s technology for sustainable agriculture” said Antoine Drevelle, “Now we’re teaming up with Agrinnovation fund and focus together to bring sustainable inputs based on Kapsera’s technology to every farmer and grower. This is the only way to have a massive and positive impact on agriculture and environment.”
With an extensive experience in the Agri-food sector through an existing portfolio of 15 companies in that area and a team of seasoned investment professionals, Demeter is leading the first early-stage European fund dedicated to Agtech.
“We are very proud to announce the closing of this investment. Kapsera is the first portfolio company of our AgTech fund, which will be investing in 20 companies across Europe. Targeted companies are those developping innovative technologies and services towards a more sustainable, efficient and safer agriculture and food : bio-inputs, precision agriculture, ingredients, bio-based chemistry, safety & traceability” according to Majdi Najah, Investment Director at Demeter, “Our first investment has to be emblematic of our fund ambition. From this perspective Kapsera is the perfect fit : an ambitious project, an experienced team and a technological breakthrough.”
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