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Sencrop raises $18M for expansion

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Sencrop has raised $18 million as part of the climate and agri-food initiative of the international fund JVP.

EIT Food (supported by the European Union), Stellar Impact (managed by Telos Impact), IRD Management and Sencrop’s existing shareholders – including BPIfrance, Demeter IM and NCI Waterstart – are also taking part in the transaction.

Sencrop stated this Series B fundraising round will strengthen the company’s leadership in its core markets and accelerate its international expansion to North America.

Formed in 2016, Sencrop’s sensors and platform enable more than 20,000 professionals to receive real-time and predictive information for their plots: micro-climatic information, water stress, plant growth stages, disease or pest development conditions, and more. The app also enables the farmer to identify weather, water stress, pests and disease risks for their crops, including frost episodes and risk of mildew, and act accordingly.

“Sencrop's mission is to democratize precision farming and reduce crop risks for farmers,” said Martin Ducroquet, Sencrop's co-founder and general manager. "We have developed a unique microclimate technology which today allows more than 20,000 professionals – farmers, winegrowers, fruit growers, etc. – to access ultra-precise and ultra-local information for better daily monitoring of their crops and the risks on their plots.”

According to Michael Bruniaux, Sencrop's co-founder, and CEO, the company’s microclimate technology is now used on a daily basis by a large community of farmers in more than 20 countries. “The reasons for this strong adoption lie in the simple, collaborative and impactful nature of our solution. As agricultural input prices are rising and weather is becoming even more unstable and critical, Sencrop enables farmers to make the best decisions every day to reduce crop risks and limit environmental impact, while increasing their profitability.”

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