Funding

[Funding alert] Nantes-based Weenat Secures €8.5 Million in Series C Round Funding

Apr 10, 2024 | By Startup Rise EU

  • Series C funding enables Weenat to continue innovating to offer smart weather and soil data to the farming industry all over Europe.
  • An international funding consortium including European Circular Bioeconomy Fund(ECBF), a European German-based bioeconomy impact fund, Pymwymic, a Dutchbased impact investor, LIBERSET, a transatlantic investment company, and IDIACapital Investissement, a Series B investor reaffirming its support in Weenat.
  • Another significant step to help the agricultural industry in combating water scarcityand climate change.
Climate change is an undeniable reality, making water scarcity and management a major environmental challenge for the coming decades. This situation carries profound implications for farmers, given that agriculture accounts for 70% of global freshwater withdrawals1 , with more than half of this water being inefficiently utilized due to the lack of suitable tools.

Climate change is an undeniable reality, making water scarcity and management a major environmental challenge for the coming decades. This situation carries profound implications for farmers, given that agriculture accounts for 70% of global freshwater withdrawals1 , with more than half of this water being inefficiently utilized due to the lack of suitable tools.

Weenat is dedicated to assisting farmers in facing the challenges of water scarcity, with innovation at the heart of its strategy. Through the successful acquisition of Weather
Measures, a data driven Agtech start-up, in 2021, the company reinforced its R&D capabilities and remains committed to providing the farming community with cutting-edge technologies, whether through internal development or external acquisitions.

Read also - Lyon-based Fluid Topics Secures €15Million in Series B Round Funding

To achieve these objectives, the company has recently secured €8.5 million in investment from ECBF, a European German-based bioeconomy impact fund, Pymwymic, a Dutch-based impact investor, LIBERSET, a transatlantic investment company, and IDIA Capital Investissement, a Series B investor that reaffirms its confidence in Weenat. These funds are strongly committed to act for a more sustainable agriculture system.

Jérôme Le Roy, founder of Weenat says: “We are thrilled to welcome new investors who share our commitment to make the most meaningful impact. With these new financials means, we will continue to innovate, equipping the farming community with data-driven tools essential for more resilient agriculture which currently faces so many challenges.”

Since its inception in 2014, Weenat has established itself as a technological leader, pioneering the first wireless weather station connected to a mobile application. Since then,
the company developed a real know-how in manufacturing reliable sensors and has cultivated in-house proficiency in engineering, machine learning, agronomy, and metrology.

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About Weenat

Weenat, a france startup provides the agricultural community with the agro-meteorological data it needs to monitor the climatic and agronomic conditions of its plots in real time, from sowing to harvesting.

Thanks to Weenat, farmers and ag industries have precise information to help them anticipate climatic hazards and optimize their farm management.

Founded in 2014 by Jérôme Le Roy, this French AgTech company now has 60 employees, over 200 partners and agricultural distributors (cooperatives, retailers, research institutes and agribusinesses), more than 25,000 users, 25,000 sensors installed and is developing its offering in 8 European countries (France, Spain, Germany, Italy, Belgium, Netherlands, Luxembourg, Switzerland)

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